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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.

2013 Ford Kuga debuts: Geneva 2012

2013 Ford Kuga The European version of the North American Escape – the 2013 Ford Kuga – has been revealed at the Geneva Motor Show. What’s to say about the 2013 Ford Kuga that we haven’t already said about the new North American Ford Escape? Not a lot is the truth, as apart from minor differences – lights and name, principally – the Kuga and Escape are one and the same in Ford’s ‘One Ford’ world.

Chrysler beefs up holiday incentives

Chrysler, seeking to boost sales after a dismal October, launched a major new incentive campaign Friday. Chrysler timed the announcement so dealers could place ads in their local media outlets over the weekend and ahead of the Thanksgiving holiday period. The incentives take effect today and run through Jan.