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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.

2010 Toyota Auris UK details – Hybrid in July

Toyota has updated the Auris for 2010 Back in October we reported on the JDM (Japanese Domestic Market) 2010 Toyota Auris which was a pretty good pointer to what the rest of the world would get in the way of updates to the 2010 Toyota Auris. And it was, with Toyota confirming the UK changes for the Auris and also confirming that the Auris Hybrid will go on sale in July, just as we reported back in June last year. Exterior changes to the Auris are not huge, but they are noticeable.

One Lap of the Web: a drifting luxobarge and an 80s hot hatch

-- If you've been wondering for the past few months since the release of the 2014 Mercedes-Benz S-class what it would look like if it was forced to drift around a racetrack (and who hasn't?) along with a Nissan 200SX drift machine, this video should answer that question. -- Remember the Shelby GLHS of the late 1980s? Those things were powered almost entirely by turbos, it seemed, and the whoosh they made is epic even by today's standards.