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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.

Spyker B6 Venator Spyder concept to debut at Pebble Beach

The Spyker B6 Venator Spyder Pebble (B6 Coupe pictured) looks to be heading for a debut at Pebble Earlier this year we managed to trawl through the rather dry annual report from Spyker and discovered that plans were afoot for a Spyder version of the B6 Ventador Concept we first saw at the Geneva Motor Show in March. We managed to follow that up with the news that we’d heard a convincing whisper that Spyker were planning to give the Venator Spyder a full public debt at Frankfurt in September, but ahead of that would reveal the B6 Spyder to attendees at this year’s Salon Prive first. That whisper has now been given additional credence with a report from Autoblog that a voice in Spyker has revealed that the B6 Venator Spyder will actually get its first outing at Pebble Beach in less than three weeks.

Kia GT4 Stinger concept (2014) first official pictures

By Damion Smy First Official Pictures 14 January 2014 09:00 Kia has shown its first rear-wheel drive sports car at the Detroit motor show. The GT4 Stinger was shown to the press as the brand’s potential rival for the Toyota GT-86 and Subaru BRZ. The GT4 Stinger is a 2+2, front-engined coupe powered by a 311bhp 2.0-litre turbocharged four-cylinder petrol engine taken from Kia’s Optima racecars.