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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.

New Mercedes A Class to get 99g/km Renault 1.5 litre dCi

New Mercedes A Class to get 99g/km Mercedes are to use a 1.5 litre diesel from Renault to create a 99g/km Mercedes A Class Blueefficiency. When the new Mercedes A Class was revealed at Geneva last week we got plenty of news about what the cracking new A Class has to offer, including the news that there would be a Mercedes first with the new A Class – a 99g/km option. At the time Mercedes gave us no detail, but its now appears that they are going to use a Renault-sourced 1.5 litre diesel as the basis for the new A Class Eco version – suitably Mercedes sorted.

2014 Geneva Motor Show preview

The 2014 Geneva Motor Show opens its doors on 4 March and it will be a showcase for all that the world’s car makers have to offer. Some major new cars will make their public debut at the show, including the Audi TT, BMW 2 Series Active Tourer, Ferrari California and Renault Twingo, all of which will be on sale by the end of 2014. There’ll be plenty of concept cars on display, too: some will be outlandish visions of the future, but others – including the Skoda Vision C – will hint at production models that will be on sale soon.