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Island tour kicks off Hilton Head weekend

Intermittent sun and cool temperatures greeted the several dozen participants in the Hilton Head Island Motoring Festival and Concours d’Elegance “behind the gates” driving tour Friday, kicking off the concours weekend. The 30-some mile tour wound in and out of several gated communities near Hilton Head Island, stopping at various points along the way for people to get a view of the cars. The tour featured an eclectic mix of vehicles, something not always seen in events such as this.

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.

Mini takes to the field for London 2012

Although there’s no motorsport in the London 2012 Olympic and Paralympic Games, Mini will be making an appearance during the track and field events in the Olympic stadium. A fleet of three remote-controlled, quarter-scale Mini Cooper JCWs are charged with retrieving javelins, discus, shot and hammer, and will cover around 6000 metres per day while on duty. Each ‘mini Mini’ has a potential payload of 8kg, and will be operated by specially-trained ‘Games Makers’.