Renault Clio 3 Sterownik Silnika Usm 284b68764r on 2040-parts.com

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.

De Tomaso boss arrested by Italy’s tax police

Gian Mario Rossignolo, Chairman of bankrupt De Tomaso, has been arrested by Italian Tax Police over misuse of public funds. There was always something a little odd about the plans of Gian Mario Rossignolo for De Tomaso. Not at first, it’s true, but when De Tomaso delivered the Deauville Crossover as the opening salvo we all knew the new De Tomaso was an accident waiting to happen.

Project Car Hell, There's No Hell Like Simca Hell Edition: Aronde Pickup or Vedette Trianon?

We're staggering back into the sulfurous quagmire that is life in the Project Car Hell garage, and we're feeling a need to follow up German luxury coupes with near-total value depreciation with one of the mainstays of Project Car Hell: French cars! And not just your ordinary everyday Peugeots and Renaults but products of the French car manufacturer with the most tangled lineage: Simca. The Soci