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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.

Famous family reminds parents of teen driving responsibility

Parents are legally and financially responsible for teens once they get behind the wheel, and no one knows that better than former pro wrestler Hulk Hogan. In 2007, Nick Bollea, the son of Hogan (born Terry Bollea), made news when he was arrested for reckless driving after a near-fatal accident. Nick Bollea was reportedly racing his friend from light to light in a 1998 Toyota Supra owned by him and his father, while his friend Daniel Jacobs was driving Hogan's 2003 Dodge Viper.

Tomorrow's world: the touchscreen steering wheel

You might think the steering wheel has done a pretty good job of directing cars for the past century. But now a team of researchers from the University of Stuttgart is attempting to reinvent the wheel. The scientists have come up with a touchscreen steering wheel, which they reckon could replace the humble wheel with stereo and cruise controls.