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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.

CCS/GM E-Flex project

Cadillac V-Flex Evan Mai Evan Mai presented the Cadillac V-Flex, a mid-engine electric race car that uses GM's E-Flex platform in a new configuration and advances Cadillac's art & science design language.  The race inspired proportion and layout of the V-Flex draws heavily from Le Mans prototype and F1 cars. Power would come from an electric motor with a range extending internal combustion engine. The Li-ion battery placed in the bottom center of the vehicle could be swapped from underneath the car during pit stops. Aluminum heat sinks in the rear efficiently dissipate heat away from the motor and battery while performing as a rear spoiler.  The front grille serves to communicate the Cadillac design philosophy and also serves as a functional aerodynamic enhancement.

A14 expansion 'could break emissions laws'

PLANS for tackling congestion on a busy A-road could leave the Government in breach of legal limits for air pollution, according to the Campaign for Better Transport (CBT). The CBT is warning that the Government's £1.5 billion A14 corridor in East Anglia would not only significantly worsen air pollution across a wide area; it could actually push a number of locations above current EU legal limits. The Government's proposal to tackle congestion within the A14 corridor includes widening parts of the A14 and the A1 and building a new dual carriageway around Huntingdon.