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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.

NHTSA may investigate Grand Cherokees over fuel-tank fire hazard

The Jeep Grand Cherokee from the 1993 to 2004 model years may be investigated by federal safety regulators after a complaint that its fuel tank is an exposed fire hazard that may have contributed to hundreds of deaths. Last month the nonprofit Center for Auto Safety complained that the SUV's fuel tank extends below the rear bumper and is inadequately protected from crashes and rollovers. The vehicle's fuel filler neck also tears off in crashes, said the center's petition for an investigation and recall.

Has Chris Evans bought a McLaren F1?

The rumour on the grapevine this morning is that Radio 2 man and Ferrari nut, Chris Evans, has traded a Ferrari to buy a McLaren F1 Chris Evans is known for many things; Radio 2 presenter, doting dad, one-time enfant terrible of TV, creator of CarFest and, perhaps most of all, the most high-profile collector of classic Ferraris in the UK. But the word on the grapevine this morning is that Chris has chopped in a Ferrari – and we don’t know which of his Ferraris – to buy one of the 64 McLaren F1 supercars in existence. If he has, and we’re digging for confirmation, then he’s obviously been listening to the advice a number of experts at the top end of the classic car world who believe the ‘next’ Ferrari 250 GTO (a car Chris owns) will be the McLaren F1.