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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.

Maybach Coupe – we warned you it was coming!

The Maybach Coupe Mercedes have really tried hard to get the world to love its Playstation on wheels dressed up in its finest woods and leathers and given the moniker of a long dead marque. But the wealthy of this world seem to have made it clear – the Maybach is a bit of a loser. It shouts too loud; it tries too hard and it costs too much.

1973 Volvo 1800ES fetches $92,400 in Bonhams auction – a classic Volvo record

The most expensive Volvo P1800 in the world. With Volvo now on a sensible track of producing good-looking, premium Swedish cars, we have wondered if historic Volvos will start to climb in value as modern Volvos become more appealing and more upmarket. And it seems they might be.