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.

Tesla: Model S sales to begin in second quarter of 2012

Tesla Motors plans to begin delivering the Model S electric sedan in the second quarter of 2012 and expects to produce about 20,000 units annually, the company said at the Detroit auto show on Monday. Tesla has booked more than 3,000 reservations for the Model S in North America and Europe. The car's expected base price is $49,000.

Two new Aston Martin models to debut at New York auto show

Aston Martin has announced that it will debut new versions of its Vantage and DB9 sports cars at the New York auto show. At $99,900, the Vantage GT becomes the lowest-price option in the Aston Martin lineup. With a 430-hp V8, a 190-mph top speed and some seriously attractive bodywork, the budget model could prove tempting to Porsche 911 buyers.