Gettelfinger On UAW/VEBA Ownership Of Chrysler

NPR’s Steve Inskeep: “You have no intent, and in fact not even the ability to remain major shareholders of two major auto companies?”UAW President Ron Gettelfinger: “That’s correct. We do not have the ability because of the need for the cash in the VEBA.”Inskeep: “Are you optimistic that Chrysler is going to emerge from bankruptcy [...]

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Chrysler C11: Cerberus Lost $7.4b, Daimler $37b

Bankruptcylitigationblog.com provides its readers—and there’s bound to be a whole new audience these days—with a ChryCo C11 crib sheet. The facts are predictably startling (if that makes any sense). The top 50 unsecured creditors’ claims total $730m, with total trade at about $1.5b. The senior lenders’ claims total $6.9b. As you know, Chrysler owes the you, the [...]

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m/

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New Roush Supercharger Pushes 2010 Mustang to 700
HP

Along with Carroll Shelby and Steve Saleen; Jack Roush has spent years producing modified Mustangs for the masses.  Now for the latest pony car from Ford, Roush is offering up a supercharger kit that would make any backyard tuner giddy.  It’s the ROUSHcharger R2300 kit, and its the first supercharger from Roush that offers custom [...]

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http://www.ridelust.com/new-roush-supercharger-pushes-2010-mustang-to-700-hp/

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New Transformers 2 Trailer Rocks!

Transformers 2 Trailer VideoNow this is not for everyone, only those of you who are awesome. Seriously, if I knew God’s voice sounded like Optimus I would not fear death.

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http://www.ridelust.com/transformers-2-trailer/

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Piston Slap: Re-Focusing Your Priorities

Heathroi writes:Remember the Focus with the wandering rear that I thought (ha!) might need lower profile tires?Well as an update, it didn’t need tires at all. It needed new bushings all though the rear suspension. Which turned into a mammoth job of taking the rear suspension apart, cutting rusted bolts, frequent trips to the ford dealer for [...]

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http://www.thetruthaboutcars.com/piston-slap-re-focusing-your-priorities/

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LA Parish Issues 2488 Refunds for Unfair Speed
Camera Trap

Officials representing Livingston Parish, Louisiana have canceled speeding tickets for all motorists caught in a notorious speed camera trap on Interstate 12. After numerous public complaints, officials were forced to admit 2488 citations were unfairly issued between January 26 and February 5, according to the Baton Rouge Business Report. Redflex Traffic Systems of Australia has operated the speed [...]

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amera-trap/

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Chrysler Zombie Watch 2: Politics vs. The Rule of
Law

Announcing Chrysler's bankruptcy, President Obama vilified the "investment firms and hedge funds" who decided to "hold out for the prospect of an unjustified taxpayer funded bailout." No, not the existing unjustified taxpayer funded bailout. The new one. "Some demanded twice the return that we bludgeoned the other TARP-supported lenders into accepting." Obama didn't say that; but he would have if his daughter had made the same birthday wish as Max Reede. Anyway, it turns out the Presidential Task Force on Automobiles can't stand losing, they can't they can't they cant stand losing, they can't they can't they can't stand losing to hedge funds. "I don't stand with those who held out when everybody else is making sacrifices," Obama chided con multo vigore. As intended, Obama's remarks triggered a shit storm from both his supporters and the business community.

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http://www.thetruthaboutcars.com/chrysler-zombie-watch-2-politics-vs-the-rule-of-
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Chrysler Suicide Watch 50: RIP

Chrysler's logo should have been a bottle of Lithium, rather than the Pentastar. It suffered from severe Bipolar syndrome all its life, and sadly, died from it, at its own hands. Like many suicidal Bipolars (Van Gogh, Hemingway, Virgina Woolf), Chrysler's many crashes and acts of self-mutilation were punctuated by fantastic highs of brilliant engineering, design and creativity. Chrysler has taken us on quite the roller coaster ride. And now it's over. as we stumble out of our (hemi powered) coaster car, we're left with an intense mixture of relief, thrill, and sadness.

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http://www.thetruthaboutcars.com/chrysler-rip/

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U.S. Treasury Hearts Fiatsler

TTAC commentator and bankruptcy lawyer Toxicroach’s hits keep happening. This time, the member of our Best & Brightest sends us a filing by the US government (download pdf here) in support of Fiatsler’s motion to extend its filing (download pdf here).Check out the Treasury motion in support. I think you will have a laugh a minute [...]

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http://www.thetruthaboutcars.com/us-treasury-hearts-fiatsler/

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The Rally Show at Chatsworth sponsored by VK

With just six weeks to go before the start of the biggest all-rally event in England this year, the variety of people and cars to be seen at the VK sponsored Rally Show at Chatsworth is increasing all the time.

In the nine rally events which form the competitive part of the Show, there will be at least two World Champions taking part. Stig Blomqvist will drive a David Sutton Ford Escort RS1800 Mk2 in the opening All Comers event on Saturday and again in the Historic Category C event on Sunday. Interestingly for British fans, Stig turned down an invitation to go to the Race of Champions event in Porto (to be held the same weekend) in order to be at Chatsworth.

Also taking part in the competitive events will be Louise-Aitken Walker, who won the inaugural Ladies World Championship for Opel in 1990. Mark Higgins, British Rally Champion in 1997 and again in 2005, will drive several cars during the weekend.

The Nations Cup, an innovation for this year's Show, will see teams of three drivers from England, Ireland and Germany battle it out in two heats, one on Saturday and one on Sunday. In the German team will be at least two, possibly three, of the spectacular Porsche GT3s, of which one, that of Olaf Dobberkau, was such a hit with spectators last year.

Big GT cars will also feature in the special GT event to be held on Sunday, when two latest-specification Aston Martins driven by Mark Higgins and Paul Appleby will take on the Porsches. Entries are still coming in for this GT and Sports car event and it seems likely that this will produce even more variety.

This year, the Rally Show at Chatsworth has invited the Richard Burns Foundation to be its supported charity. They will be there in force and two rally cars from the Richard Burns Collection, both drivenby Richard in the World Rally Championship, will feature in the static display, organised in conjunction with "Motorsport News" to celebrate 30 years of the World Rally Driver's Championship.
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tsworth-sponsored-by-VK.html

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