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Volkswagen aims for lofty Beetle sales

The attractive new 2012 Volkswagen Beetle is expected to sell as many as 50,000 to 60,000 units a year in the United States. The car launches this fall. That level will be a big improvement over the latter years of the outgoing model, in which sales dwindled to just 15,000 a year, but it remains lower than the record figure of 83,000 achieved 18 months after the launch of the revised model.

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.

Day one of the Porsche Rennsport Reunion IV at Laguna Seca

The world's greatest gathering of Porsche race cars took to Mazda Raceway at Laguna Seca on Friday, Oct. 14 for practice as Rennsport IV got under way. The Rennsport Reunion is an every-three-year event that brings vintage Porsche race cars and drivers together to compete in various classes.