Bonkers KTM X-Bow GT with 435hp

KTM’s X-Bow is the Austrian firm’s answer to the Caterham Seven – a lightweight, two-seater track car that makes no sacrifices when it comes to luxuries. Which is why KTM added a bit more in the way of creature comforts (including a windscreen) for its more relaxed ‘GT’ model. And now German tuners Wimmer Rennsporttechnik have got their hands on the X-Bow GT, playing with the engine to turn up the heat… Please click on the image above to read more on the KTM X-Bow GT by Wimmer Rennsporttechnik…

Lexus debuts dedicated HS 250h hybrid at the Detroit auto show

Lexus is no stranger to hybrids, with green offshoots of the GS and LS sedans and RX SUV currently in showrooms. However, joining them this summer is Lexus's first dedicated hybrid, the HS 250h, which made its debut at the Detroit Auto Show. The new entry-luxury sedan slots between the IS and ES in the Lexus range.

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.