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Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The 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.
Maserati Quattroporte (2013): the first official pictures
Tue, 06 Nov 2012Maserati has unveiled the new 2013 Quattroporte – the luxury sports saloon which has been the mainstay of Modena since the current car's launch in 2004. The new Maserati Quattroporte will be shown at the 2013 North American International Auto Show in Detroit, with left-hand drive sales starting in spring 2013. However, right-hand drive UK sales of the new QP are unlikely to begin before June 2013.
Shelby American marks its 50th with U.S. tour
Tue, 01 Nov 2011Shelby American will take a national tour in 2012 to celebrate the 50 years since Carroll Shelby launched the brand. The U.S. tour will be reminiscent of the original Shelby Caravan in the mid-1960s, according to Shelby American president John Luft.