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Connected Car Expo is coming to Los Angeles Auto Show

A day before the start of the LA Auto Show will be the Connected Car Expo, which will show us the latest in singing, dancing, electronic gadgetry and advances in infotainment. In addition to the two press days, November 19th promises to feature some big companies making some equally big announcements. Audi will unveil its A3 and S3 models with the first 4G LTE system built into a car, complementing its already Wifi-enabled offerings.

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.

GM to pull Cadillac from some European markets

General Motors will halt Cadillac sales in more than half of the brand's European markets following the collapse of its regional distributor. The U.S. carmaker will focus on markets such as Russia, the United Kingdom and Switzerland where the luxury brand has been able to compete against Germany's BMW, Mercedes-Benz and Audi premium brands.