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Top Gear presenters banned from driving in France

Top Gear presenters Jeremy Clarkson and Richard Hammond have been banned from driving in France for three months after they were caught speeding. While filming for the show’s Top Gear Christmas DVD – called ‘The Perfect Road Trip’ – Clarkson and Hammond were allegedly caught travelling at over 87mph in a 56mph limit. Jeremy Clarkson: a life in pictures Jeremy Clarkson’s most infamous quotes That means the duo were more than 50kph over the legal speed, which attracts an instant driving ban in France.

Green three-wheelers may get Energy Department funding

Aptera Motors, Elio Motors and other companies developing fuel-efficient three-wheeled vehicles got a boost from Congress this week in their quest for federal funding. Legislation to make three-wheeled vehicles eligible for Energy Department loans passed a conference committee of House and Senate leaders Wednesday and then got approval from the full House on Thursday. It is part of an energy spending bill likely to go before the Senate by next week for final congressional passage, a Senate aide said.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.