Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series 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.

GM improves, Toyota slips as industry sales decline eases

Ford, Honda and General Motors posted their smallest sales declines of the year in April, while Nissan and Toyota had their largest, as the industry improved from depressed levels of February and March. Drops of 33 percent at Ford Motor Co. and GM were in line with analysts' forecasts, as was American Honda's 25.3 percent slide.

Saab 9-3 Convertible Independence Edition

The Saab 9-3 Convertible Independence Edition Last week we ran a story about Saab’s Concept for the Geneva Motor Show, which we expect to be a concept version of the new Saab 9-3, but could be a first look at the smaller Saab 9-2. What we did say in that report was that apart from the Saab Concept we would see the debut of the Saab 9-5 SportCombi and a couple of limited edition Saab 9-3s – one of them a convertible. Well, with a week or so to go to the Geneva Motor Show, the limited edition Saab 9-3 convertible has leaked out through the well-informed Saabs United as the Saab 9-3 Convertible Independence Edition.