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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.

2014 Mitsubishi i-MiEV receives $6,130 price cut

If you thought that pure-electric cars were still too expensive to make sensible alternatives to gas or diesel cars, Mitsubishi is about to deal another blow to that notion. The electric powered i-MiEV is coming back to the U.S. for the 2014 model year, and Mitsubishi has slashed $6,135 dollars off the price.

Mazda's new design strategy revealed in autumn 2010

By Tim Pollard Motor Industry 22 June 2010 21:56 Mazda will show off its first 'post-Nagare' concept car in autumn 2010 – providing a glimpse into the future design strategy under the new styling boss. Nagare has been the design mantra at Mazda since the series of concepts kicked off in 2006 with the eponymous show car, each influenced by flowing waves and patterns from nature. But since the departure of design chief Laurens van den Acker, who defected to Renault, the Japanese company is looking for a fresh direction, CAR understands.So when will we see the new Mazda design concept?At a Mazda 'Design Forum' to be held in Italy in September 2010.