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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.

A14 to become world’s first wifi road?

Around 70 miles of the A14 between Cambridge and Felixstowe is to become a ‘smart road’ fitted with sensors that monitor traffic movement. These sensors will generate highly accurate information about the level of traffic congestion, which is then wirelessly transmitted to a central control system in order to automatically adjust the variable speed limit. On Bing: see pictures of smart roads Find out how much a used Smart car costs on Auto Trader Sounds quite cunning, really.

Subaru Impreza WRX STI A-Line released in Japan

To bring its flagship performance sedan to the masses, Subaru has released the Impreza WRX STI A-Line in Japan. The A-Line swaps-in a traditional five-speed automatic transmission with Sportshift in place of the six-speed manual. Paddle shifters and a blipping control system that automatically raise engine revs during downshifts are standard.