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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.

Pagani Zonda Cinque Roadster (2009): first official pictures

By Ben Pulman First Official Pictures 03 July 2009 16:30 Pagani has unveiled a roadster version of its most radical road-legal Zonda ever, the Cinque. Just five Cinque Roadsters will be made, and with no roof, a 669bhp V12 engine, and a price tag broaching £1.1m (plus taxes) it's pretty special. Think again - and if Horacio Pagani wants to build 5 more gorgeous Cinques, this time without a roof so you can really hear that 7.3-litre V12 wail, then who are we to argue. There's a longer front spoiler, a flat undertray and diffuser, plus a new rear wing, all of which is enough to create the same 750kg of downforce at 186mph that Pagani claims for the coupe version.

Video: Rolls-Royce Wraith design process revealed

Rolls-Royce has released a video exploring the design process behind its Wraith fastback, revealed earlier this month at the Geneva motor show. The video is one of a series that look at the Wraith's development process, focusing on the design and performance of the Wraith. Key figures behind its development such director of design Giles Taylor and head of interior design Ian Sheppard feature, explaining how the Wraith evolved the way it did and how the design teams made their decisions.