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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.

A look at Dodge's future product

With Ram pickups no longer part of its lineup, Dodge is repositioning itself as a sporty brand for all ages. As the brands diverge, Ram keeps the distinctive ram's head logo, while Dodge will have a new script logo that will be revealed this year on the restyled Charger sedan and the Durango replacement. Sources say Dodge may eventually lose its cross-hair grille, which will stay with Ram.

College Exhibition: Royal College of Art - Connections

First year Vehicle Design students at the Royal College of Art were given a brief to develop a car that would achieve universal individual mobility for people of all ages living in rural environments. Using intelligent systems technology, new materials and means, and retaining high standards of sustainability, the students were asked: what are the vehicles for tomorrow's countryside? Five different groups consisting of three students devised several very different proposals to answer this question.