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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.

Cadillac launches four-year maintenance program for all 2011 models

America's luxury brands are seemingly engaging in a game of high-stakes maintenance. Days after Lincoln launched a three-year/45,000-mile program for new cars bought or leased this summer, Cadillac has upped the ante. Cadillac is offering four years or 50,000 miles, besting Lincoln in time and travel.

Los Angeles, Miami on 2014 Formula E schedule

Today Formula E, the open-wheel world championship for electric cars sanctioned by the FIA, released a preliminary list of eight cities across the globe where races will be held: London, Rome, Los Angeles, Miami, Beijing, Putrajaya (Malaysia), Buenos Aires and Rio de Janeiro. Rome and Rio de Janeiro had been announced earlier, but the rest of the cities are new to the schedule. All courses will be run on city streets in downtown locations accessible to public transportation, according to a release by Formula E Holdings, the organization putting on the series.