3852607 Omc/volvo Penta 7.4l 8.2l Sterndrive Marine Engine V-belt on 2040-parts.com

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.

2012 Volkswagen Passat priced at $20,765

The all-new 2012 Volkswagen Passat, looking to be a big player in the highly competitive midsize segment and the first car to be built at a new Chattanooga, Tenn., assembly plant, will come to market this fall with a base sticker price of $19,995, plus $770 destination charge. The 2012 Passat will be sold with three powertrains and a variety of equipment levels. “The 2012 Passat is a true Volkswagen, offering German engineering, class-leading standard features and superior fuel economy, all for a remarkable value,” said Jonathan Browning, CEO of Volkswagen Group of America.

Time Warp Volvo 340 To Sell At Auction

IF you’re not a fan of modern cars then a ‘time warp’ Volvo 340 that’s surfaced after years of inaction could be the car for you. On the bill at a forthcoming classic car sale at Anglia Car Auctions on Saturday April 5th, this 132 mile Volvo hasn’t even been run in and, according to the auction house, comes complete with that distinctive new car smell. The car was bought brand new from Lancaster Volvo and was barely used by the original owner.