5102 17x8.5 Alloy Wheel Polished 5 Spoke 17in Front 2000-2004 Chevrolet Corvette on 2040-parts.com

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.

Concept Car of the Week: Ford Forty-Nine (2001)

Over 1.3 million orders were placed for the 1949 Ford before it even went officially on sale. The revolutionary post-war design with slick slab sides and semi-covered wheels became a symbol of American optimism. "The inspiration for the Forty-Nine concept comes from the passion and excitement of the original, combined with the imagination of people across America who customized the car and turned it into what they thought a really great car should be," said J Mays, Ford's vice president of Design at the unveiling of the retro-futurist coupe back in 2001.

Update: Google's robot car is like driving an elevator

Welcome to the future everyone, you may now release all worries, and all control. Google has released photos and video of its first self-driving vehicle, and a Ferrari 458 it ain't. The car pod people mover has no steering wheel, no gas pedal and no brakes.