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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.

2014 European Car of the Year finalists revealed. Could the Mercedes S-Class win?

Could the 2014 Mercedes S-Class (pictured) win the Car of the Year? We’re at the end of 2013, so the time has arrived to take a look at the finalists for the 2014 European Car of the Year award. In the last few years, despite Europe producing some of the most impressive luxury and performance cars on the planet, the Car of the Year Award has gone to much more prosaic machinery.

One Lap of the Web: The fabulous Lockheed Buick Electra, and how to change a tire

-- Did you know Zagato once designed some concept cars for Volvo? Ah, there's nothing more romantic than that blend of Italian passion and Swedish melancholic efficiency. The first car came about in 1969 and was named the GTZ, and its obscurity might owe to being hidden in favor of more popular Zagato GTZs.