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Motoring News

Brake on F1 teams' spending
The business model of Formula 1 teams was redrawn when the sport's governing body announced it was introducing a budget cap of £40m from 2010

No golden parachute for Nardelli
Bob Nardelli, Chrysler's chairman and chief executive who was once a poster-child for excessive executive compensation, will leave the Detroit carmaker with nothing

Hedge funds bear the blame
Hedge funds bore much of President Obama's blame for the bankruptcy filing of Chrysler.

US auto industry opts for unthinkable
The US government faces a scenario unthinkable just a few months ago: it may be about to own the majority of an American car company and a second US carmaker may soon be run by Italians

Chrysler creditors angry at pressure
Efforts by the US government to ensure Chrysler's survival risked overturning the rule of law and bankruptcy practices, a group of senior creditors to the carmaker, who are owed $1bn, said.

Chrysler holdouts should keep fighting Obama's cramdown
It's politically expedient for President Obama to blame recalcitrant hedge funds and "speculators" for forcing Chrysler into bankruptcy. But they were right to say no to the US government's restructuring plan for the ailing carmaker.

Chrysler: facts and figures
Chrysler is 80 per cent controlled by Cerberus Capital Management, a private equity company.

A short history of Chrysler
Chrysler, which has today filed for Chapter 11 bankruptcy protection, was first organised as Chrysler Corporation in 1925.

Chrysler files for bankruptcy protection
Chrysler is filing for Chapter 11 bankruptcy protection, President Barack Obama has confirmed.

MotoGP preview
The BBC's MotoGP presenter believes the race on Sunday will be a true barometer of form

Chrysler forms alliance with Fiat as it files for Chapter 11
US car maker Chrysler is to file for bankruptcy and enter in to a new partnership with Italian rival Fiat after lastminute negotiations between the US government and lenders broke down.

Ibiza gets common-rail diesel
The Seat Ibiza will be first in line for the VW group’s newest diesel engine, a 1.

Electric cars: a step in the right direction
Allelectric version of Citroën supermini is clean but pricey.

Chrysler 'will file for Chapter 11'
Early morning reports in America suggest Chrysler will now definitely file for Chapter 11 bankruptcy protection later today.

'Top Gear' does not need a woman driver when it's got Clarkson Hammond and May
'Top Gear' does not need a woman driver whatever Harriet Harman says about equality

Chrysler: facts and figures
Chrysler is the smallest of the Big Three US car makers. Here are a few facts about the first major car maker to collapse as a result of current global recession.

FIA imposes £40 million cap on F1
The FIA has announced that it is imposing a £40 million budget cap for the 2010 F1 season.

Detroit's angry lenders
The politicised rescue may soon meet the cold legal reasoning of a bankruptcy judge – it is a pity for taxpayers it did not happen earlier

Motors on TV
The pick of this weekend's viewing.

Chrysler to file for bankruptcy
Chrysler the smallest of America's Big Three carmakers will proceed with Chapter 11 bankruptcy protection after talks with bondholder broke down a White House official said

GM bondholders launch counter-offer
The proposal would see no ownership role for the US government and 'prevent the nationalisation of one of the country's largest companies', an ad hoc committee of GM bondholders said

Chrysler creditors reject new offer
The Obama administration blasted a group of Chrysler creditors on Thursday after they refused to accept a sweetened cash-for-debt swap as the carmaker headed towards bankruptcy

The Gear Box
Great motoringrelated goodies and where to buy them online.

Hot Clio prices revealed
Renault has revealed prices for its trio of hot Clios.

New Ssangyong 4x4 in 2010
The SsangYong C200 soft-roader will go on sale in the UK early next year.

Obama has what he needs to restructure Chrysler
President Barack Obama has what he needs to restructure Chrysler. With banks holding 70pc of Chrysler's secured debt agreeing to the US Treasury's 30 cents on the dollar offer the reorganisation can move ahead.

Ford Fusion manages 85mpg
A Ford Fusion Hybrid has broken a world record by travelling 1445 miles on a single tank of fuel.

Mercedes: V8 stop-start by 2011
Mercedes is working towards having stop-start technology fitted on all its engines, according to one of its senior engineers.

Only 780bhp?
Yawn, it’s another Veyron-thrashing supercar, this time from Spain. Try harder, guys…

Hurri’ up
German tuner creates 228bhp M6, the world’s fastest BMW coupe. And we actually quite like it…

D-Day for Chrysler
The immediate future of Chrysler is expected to be revealed later today.

Lookers nears deal with banks
The dealer has moved closer to agreeing new financing arrangements with its banks despite reporting a sizeable annual loss

Chrysler talks break down bankruptcy looms
Lastditch talks to save Chrysler from bankruptcy have broken down according to reports from the US.

Lastditch effort to save Chrysler as bankruptcy looms
The fate of Chrysler hung in the balance last night as US Treasury officials prepared to work around the clock to avoid the beleaguered car manufacturer filing for bankruptcy.

GM debt deal a tougher task than Chrysler's
The US government might not be as effective at bringing General Motors' bondholders into line as it was in the case of Chrysler's banks, according to analysts and...

GM debt deal a tougher task than rival's
The US government might not be as effective at bringing General Motors' bondholders into line as it was in the case of Chrysler's banks, according to analysts and...

Chrysler deal doubts cast shadow on GM
A last-minute deal to slash Chrysler's debt may not be enough to keep stave off bankruptcy, which does not bode well for similar eits larger rival General Motors

Chrysler teeters on brink of bankruptcy
Chrysler slid to the brink of bankruptcy as it negotiated with debtholders and the US government in an attempt to prevent filing for protection from creditors

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