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First Sight: Volkswagen Iroc concept
Mon, 28 Aug 2006The Iroc is a show car preview of a production coupe to be launched next year that will fill a gap in the Volkswagen model line up left by the demise of the Corrado 11 years ago. Volkswagen describe the Iroc as "transferring the globally successful Scirocco idea into the future" - the Scirocco Mk1 by Giugiaro being produced from 1974-1982, the Mk2 from 1982-1992. Like the Scirocco, the Iroc is a front wheel drive coupe with four seats - as opposed to the 2+2 seating arrangement of the only other sports coupe from Volkswagen Group: the Audi TT.
Ford Fiesta ST500 (2008): first official pictures
Tue, 10 Jun 2008By Dimitri Pesin First Official Pictures 10 June 2008 16:36 As we prepare to wave goodbye to the current Fiesta, Ford has released a special edition ST to keep interest in its hot-hatch alive. A hard job indeed, with the stunning looks of the Verve concept being carried through to the next-gen car. It hasn't stopped Ford trying hard though and, following in the footsteps of the Focus ST500 that was released in 2008, all Fiesta ST 500 models come in metallic black with a U-shaped stripe on the front. According to Ford, the new scheme is designed to echo the livery of the classic Escort RS2000 of the ‘70s.
Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A 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.