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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.

Lamborghini Urus SUV – made in SLOVAKIA

The Lamborghini Urus SUV to be made in SLOVAKIA It could be argued that the appeal of Lamborghini stems from its ‘Italian-ness’, but it seems ‘Made in Italy’ is not an honour Lamborghini are going to bestow on their new Urus SUV. Instead, the plan is to build the Urus alongside other VW Group SUVs at VW’s plant in Bratislava, Slovakia. Autonews is reporting that VW are planning to build the Urus alongside the Porsche Cayenne, Audi Q7, VW Touareg and the bodies for the new Bentley SUV (they were planning to build the Bentley SUV in full in Bratislava too, but now it will be just the body to make sure the Bentley SUV is ‘British’).

Scott Bailey, Automobile Quarterly founder, dies at 87

Scott Bailey founded Automobile Quarterly in 1962. The hardbound publication became a respected voice on all subjects automotive and an important chronicle of automotive history. While the story of the automobile is often more folkloric than factual, Bailey's belief in scholarship helped forge a solid, reliable record that might otherwise have been lost.