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.

Kia Motors appoints Peter Schreyer as President

Kia Motors has appointed the man who changed their design – former VW man Perter Schreyer – as President. When Peter Schreyer left VW in 2006 after a sparkling career that saw him establish the Audi design philosophy – still a hallmark of Audi design – to head up design at stodgy Kia, many in the industry thought it an odd move. But Peter Schreyer seemed keen to prove his worth after VW had passed him over to head up their new design studio, and Kia offered the prospect of turning a budget brand in to a mainstream force with cutting edge designs and, it would seem, a pretty free hand to do what it would take.

Daihatsu to debut three Kopen concepts in Tokyo

Three new Daihatsu Kopen concepts have been revealed ahead of their unveiling at next month's Tokyo motor show. The blue and orange concepts are the RMZ model – although they feature slight differences – while the green car is the XMZ model. The concepts measure in at 3,395mm long, 1,475mm wide and 1,275mm tall and, like the recently discontinued Copen, fit into the Japanese ‘Kei' light car category.