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Fiat plans 500 and 500c Gucci editions

Gucci editions of the 2012 Fiat 500 and 500 convertible will go on sale in December, Fiat said Tuesday. The cars will feature glossy pearl paint, green and red stripes on the body or roof, and satin-chrome mirrors and door handles. The interior will have special embroidery, two-tone seats, leather accents along with other design touches.

Smart Forstars concept (2012) first offical pictures

It's about time Smart gave us another wacky concept, and this cheeky-looking Paris show-goer should do just the trick. It's an electrically-powered two-seater coupe that'll do 80mph thanks to a Brabus-sourced 81bhp battery-powered drivetrain. The 2012 Smart Forstars concept Smart are touting the Forstars as a sports coupe concept, and it does bear a certain resemblance to the now-defunct Smart coupe, thanks to its prominent two-tone bodywork and wheel-at-each-corner stance.

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.