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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.

Reproducing reality – X-Rite’s Total Appearance Capture

Total Appearance Capture isn't some sinister new form of identity theft but a revolutionary method of digitizing physical models using a new scanning technology, with the ability to capture extraordinary detail and all input and output light. The system, from coatings color measurement experts X-Rite, combines color, texture, gloss and other surface characteristics into a digital material ‘description' that can be imported directly to computer-aided design programs. What sets it apart from previously available methods is its ability to collect information on complex materials such as textiles, leather, basketwork, stone, coatings and plated finishes, in a 3D scene lit by a virtual studio environment.

Ford recalls 2013 Escape, Fusion

Ford Motor Co. is recalling about 89,000 2013 Ford Escape crossovers and Fusion sedans with 1.6-liter engines that may overheat and cause fires. Ford estimates that the voluntary recall covers about 73,320 Escapes and 15,833 Fusions in the United States and Canada.