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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.

Video: Five Goals for the Corvette C7 Stingray with Kirk Bennion

‘Faces of GM', one of General Motor's social media initiatives, has released its latest video exploring the five goals behind the creation of the 2014 Corvette C7 Stingray. The video features the Corvette's exterior design manager, Kirk Bennion, who offers an insight into how these goals were developed into the seventh-generation Corvette.

New 2013 Range Rover revealed

Land Rover has today revealed the all-new Range Rover ahead of its debut at the Paris Motor Show on 27 September. The new all-aluminium L405 Range Rover is lighter, greener and more refined than the current model: prices will be announced in early September and deliveries will start in early 2013. Driven: Range Rover TDV8Kahn Design Diamond Jubilee Edition Range RoverWe drive the Queen's Land RoversOverfinch reveals £89,995 Range Rover EvoqueDriven: Overfinch Range Rover