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Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

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.

Autoweek in review: Lambos on parade, record breakers and the Ferrari LaFerrari

The week kicked off with renderings of a Maserati MC12 successor. We also reviewed the 2013 Nissan Nismo Juke and 2013 Cadillac ATS. Tuesday, we bench raced a new crop of supercars, comparing the Ferrari LaFerrari, McLaren P1, Pagani Huayra and Bugatti Veyron Super Sport -- read here to find which one came out on top.