Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

Mini: the 50th anniversary and new models galore

By Phil McNamara Motor Industry 27 May 2009 13:14 Mini’s renaissance is entering a new phase of electric power, 4x4 crossovers and yet more bodystyles, said BMW marketing chief Ian Robertson at the British brand’s 50th birthday party. Over the last May bank holiday weekend, some 15,000 Mini fans converged on Silverstone, for a three-day festival of cars, racing and music. The company revealed three special editions: high-spec Camden and Mayfair models, plus the 211bhp World Championship 50 Edition in homage to racing team boss John Cooper.

Jaguar Land Rover raise £500 million to fund expansion

Jaguar Land Rover raise £500 million Jaguar Land Rover is raising £500 million on the bond market to fund its expansion, including new models and new facilities. Hot on the heels of the Jaguar Land Rover joint venture deal with Chery in China comes the news that Jaguar has dipped in to the private bond market to raise £500 million to help with its bold and bullish plans to make JLR a major world player in the premium vehicle sector. JLR plans to invest £1.5 billion a year on expansion and is making sure its coffers can cope by issuing £500 million of senior notes due in 2020, with the net proceeds of the bonds being used for general corporate purposes.