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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.

Subaru Legacy/Outback (2006): first official pictures

By Nathan Millward First Official Pictures 19 September 2006 11:00 The lowdown Subaru is making over its Legacy saloon and Outback wagon for the 2007 model year. A subtle facelift, upgraded cabin, retuned suspension and three-mode 3.0-litre flat six – with sport, economy and normal options – are the big changes. The 2.0-, 2.5- and 3.0-litre range will cost from £17,995, with the cars coming on stream in the next few weeks.

2015 Honda CR-V Facelift Paris 2014 debut

The 2015 Honda CR-V Facelift gets a Paris 2014 debut It’s two years since the latest Honda CR-V arrived in the UK (and a chunk longer since it arrived in the US and Japan), so it’s a time for a refresh, with the facelifted Honda CR-V for 2015 revealed ahead of a debut at the 2014 Paris Motor Show later this week. Under the skin, the four-wheel-drive versions of the new CR-V get a more powerful 1.6 litre i-DTEC diesel engine from Honda’s Earth Dreams series, which replaces the current model’s 2.2 litre diesel. The new 1.6 litre comes armed with 158bhp and 258lb/ft of torque and emissions of 130g/km (with the six-speed manual) or 135g/km when mated to the new 9-speed auto ‘box – savings of 11 and 20 cent over the old engine/gearbox combinations.