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Hybrid Cars are like Mermaids: Carlos Ghosn

A Hybrid is like a Mermaid. I can’t say it’s an analogy we’d ever considered before. But the quote that “A hybrid is like a mermaid: if you want a fish, you get a woman; if you want a woman, you get a fish.” is attributed to Carlos Ghosn, Nissan’s CEO.

Audi Q5 Hybrid Quattro (2011) first pictures

This is the new Audi Q5 Hybrid Quattro. It’s Audi’s first hybrid road car, and combines a turbocharged 2.0-litre petrol engine, an electric motor and lithium-ion batteries in a Q5 SUV body. Unfortunately this system isn’t Audi’s much-anticipated electric Quattro system, with a combustion engine driving the front wheels and an electric-powered rear axle – the Q5 Hybrid has permanent four-wheel drive.

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.