Alarmstat, Kysor 205 Degree, P/n 1458306, 1002-07393, Normally Closed 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.

Saab 92 coming – it just needs a platform

The original 1950s Saab 92 Victor Muller – the man who saved Saab from GM’s closure plans – wants the company to build a compact premium car, something we’ve know since before he managed to close the deal to take on the troubled Swede. And it looks like that’s close to being confirmed as Victor declares that the decision will be made in the next 100 days. Which sounds to us as if there is a deal in progress with another manufacturer to supply a platform.

College Exhibition: Umea Institute of Design Degree Show 2007

Masters students at Umea University Institute of Design exhibited their final projects in at their annual Degree Exhibition in early June. This year, a record 45 students exhibited their work, including 13 from MA Transportation Design, 8 from MA Advanced Product Design, 10 from MA Interaction Design and a further 14 from the BA Industrial Design course. This year's MA Transportation Design programme was led by Lasse Pettersson, with Nick Coughlan as external tutor.