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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.

BMW and Zagato tease next collaboration

BMW has teased the first image of its BMW Zagato roadster, the second collaboration between the automaker and the Italian design studio, which is set to be unveiled this weekend at the Pebble Beach Concours d'Elegance. Earlier this year at the Concorso d'Eleganza Villa d'Este in Italy, BMW unveiled its Zagato-designed coupe, which featured the carrozeria's signature double-bubble roof, the high, fastback Kamm tail and full, blown surfaces. The BMW Zagato Coupé was the first collaboration between Zagato and BMW, and was the first Italian-designed car to wear the blue and white propeller since the 2003 Bertone Birusa.

Kia Kue concept

Kia has released a design sketch of its newest concept car - the Kue. With distinctly grand SUV styling, Kue majors on greater driving dynamics and performance.  The focus is very much about an exciting driving experience, as opposed to the typical SUV or CUV [Crossover Utility Vehicle] lifestyle and is the first major new concept launched under the guidance of new design chief Peter Schreyer. Kue is based around a dynamically focused monocoque chassis and features large seven-spoke 22-inch alloy wheels and doors that feature a distinctive sill-to-waist door crease which can be clearly seen on the all new cee'd. Size wise, the Kue measures up with an overall length of 4,720mm and a 2,900mm wheelbase.