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European car sales show signs of resurgence

New car sales in both France and Spain have risen for the fifth month in a row to January 2014, showing signs the European car market is on the up. The news is positive for Europe’s automotive sector, which has been in decline for six years. On Bing: see pictures of new cars for 2014 Find out how much a used car costs on Auto Trader Alongside the relative success in France and Spain – two of the biggest hit regions for new car sales following the global economic downturn – Italy also recorded positive results for new vehicle registrations.

Honda CR-Z Mugen Concept at Goodwood FoS

Honda CR-Z Mugen Concept - FoS Debut We all know that Honda doesn’t really have its heart in the hybrid game, believing that hybrids are, at best, a stop-gap solution. But in the real world Honda can’t afford to ignore Toyota’s huge hybrid successes, so we got treated to the Honda Insight – a fairly woeful attempt at a hybrid. Next up from Honda was the CR-Z – which we were to believe would be spiritual successor to the CR-X – which did at least try to inject some fun in to the feeble hybrid setup with a manual ‘box.

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.