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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.

Drayson Racing and Michelin compete for EV record

Drayson Racing Technologies and Michelin are joining forces to make a run at the FIA World Electric Land Speed Record on Tuesday with the Drayson B12 69/EV prototype. In addition to a record attempt this will be a real-world test for the car, which will also compete in the 2014 FIA Formula E Championship. The car was originally powered by a 5.5-liter biofuel Judd engine, but it has now been converted to full electric drive.

New tech suggests windowless cars are on the horizon

For years students have presented windowless car projects, explaining how the view from outside would be projected within the interior. Now an aerospace company has created the technology that could hold the key to turning the dream into a reality. Spike Aerospace's upcoming S-512 supersonic business class jet replaces its windows with high-definition screens displaying footage of the panoramic views streamed live from micro cameras on its fuselage as tests have unsurprisingly shown that passengers are a little uneasy about not being able to see outside.