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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.

Toyota wins unintended-acceleration case

Toyota secured a legal victory on Friday against the landslide of unintended-acceleration claims that have dogged the company for more than a year. A jury in New York found in favor of Toyota, rejecting claims of a driver who said a floor mat was the cause of his 2005 crash in a Scion tC. The jury took 45 minutes to reach the verdict after a weeklong trial in federal court.

New Range Rover Hybrid targeted at Europe: Frankfurt 2013

The new Range Rover Hybrid (pictured) has diesel power to target Europe It’s not the biggest news at Frankfurt, but the arrival of the Range Rover Hybrid and Range Rover Sport Hybrid is big news for Land Rover, and for buyers running cars who are subject to taxation on benefits. Surprisingly, Land Rover has gone the diesel route with the hybrid, coupling the 3.0 litre diesel engine to a 46bhp electric motor which, when working together, offers the same sort of performance as the V8 diesel engine but with much better economy and emissions – 44mpg and 169g/km. Logic would perhaps have dictated that the new hybrid should have a petrol engine, rather than a diesel, as the biggest hybrid markets in the world – the US and China – have no real appetite for diesel engines.