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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.

Production of U.S.-spec Lotus Exige and Elise to end in August

The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.

Jaguar XKR-S GT (2013) first official pictures

This is the new top dog of the Jaguar XK family: the XKR-S GT. Built to celebrate 25 years of Jaguar ‘R’ models, the road-legal GT carries a host of track-focused modifications: there’s carbon aerodynamic aids, chassis tweaks, and the promise of a sub-7min 40sec Nurburgring lap time. A regular XKR-S manages 7min 50sec around the 'Ring in comparison.