Center Link 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.

Nissan Qashqai (2014) revealed

By Ollie Kew First Official Pictures 07 November 2013 15:55 This is the new Nissan Qashqai, which will be built in Sunderland, UK, and goes on sale in January 2014. It's priced slightly higher than the outgoing Qashqai: the range will cover a £17-28k price range.To justify the price increase, the new Qashqai wears a sharper, more stylish body, and boasts more generous on-board kit levels across the line-up. With two million Qashqais sold worldwide since 2006, it is, in Renault-Nissan CEO Carlos Ghosn's own words, ‘The most important Nissan of the decade’.

Bristol Cars put into bankruptcy protection

U.K. carmaker Bristol Cars was placed into administration on Thursday, the British equivalent of bankruptcy. Officials now running the company said several people were laid off but that it was keeping the sales and service operations open.