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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.

Rare video of a nearly $2 million, 600-hp Ferrari-powered boat

There are times when auction items carrying multimillion-dollar estimates can be dismissed as too pricey to spend serious amounts of time dreaming about. “A toy for a rich man, too expensive to be enjoyed,” you say to yourself. But then there things so undeniably appealing that they push all other thoughts aside and whisper, “Find a way to buy me.

Nissan Qazana (2010) caught testing

The Nissan Qazana shot testing - complete with what looks like bin-bag disguise I know, it’s not the easiest thing to work out from the picture above, but this is Nissan’s sub Qashqai Crossover – the Nissan Qazana – caught out testing recently. Which goes to show that the Qazana is well on track for amid 2010 launch and production at Nissan’s Sunderland plant. The Qazana – when it debuted at Geneva this year – was a daring concept, to say the least.