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Cadillac teases Detroit 2013 concept at Pebble Beach

Cadillac teased a new concept car at the weekend at Pebble Beach to be unveiled in the steel at an unnamed American auto show early next year. We'll see you on the GM stand in Detroit then. During a press event Cadillac's Global Design Director Clay Dean said it was time for the brand to "reflect back not for nostalgia, but what made us great at the time." There were no further details about what we can expect from the concept but from what we can see from these renders is what appears to be a further move away from the geometry of the Art and Science form language towards a more sculptural surface treatment intersected by sharp, precise creases.

‘Cash-for-clunkers’ bill clears House

The “cash-for-clunkers” legislation cleared another hurdle Tuesday, winning passage in the U.S. House of Representatives. That moves the proposed plan closer to reality and would offer up to $4,500 in vouchers to consumers who trade in older cars for new, more fuel-efficient rides.

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.