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Paris Motor Show 2006 - Preview

The 2006 Paris Mondial de L'Automobile opens its doors with the media preview days starting September 28th and features a wealth of new concept and production cars. With around 1.4 million visitors expected, it remains the most popular automobile show in Europe and this year's major production releases will include the Nissan Qashqai, Volvo C30, new Mini, Mercedes CL and BMW X5. There's also a strong showing of concepts, especially from the French makers Peugeot, Citroen and Renault.

Lamborghini set sales record despite decline in U.S.

Lamborghini sales in the United States fell in 2008, but the brand still had a record year worldwide, said president Stephan Winkelmann. "We balanced sales in the Middle East, China and Southeast Asia with the drop in the United States," he said. Lamborghini sold 741 cars in the United States in 2008, down 20.3 percent compared with 2007.

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.