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.

Jaguar F-Type Coupe teased again ahead of debut

The new Jaguar F-Type Coupe’s curves With the real F-Type about to be revealed in Los Angeles – the Jaguar F-Type Coupe – Jaguar has already started garnering interest with the first teaser photo of the F-Type Coupe. That photo showed a birds-eye view of the new F-Type Coupe – complete with panoramic glass roof – but this time Jaguar has revealed what could be the money shot – the view from the rear three quarters looking along the side of the new F-Type and highlighting its curves. It’s a view that is reminiscent of the same angle on the E-Type – no bad thing – even if we don’t expect the F-Type Coupe to keep the E-Type’s side-hinged rear hatch we saw on the C-X16 Concept.

Mercedes CLA: The Video

With the new Mercedes CLA – the four-door coupe version of the new Mercedes A Class – revealed, we get the first video of the baby CLS. That USP is the slick ‘Baby CLS’ look that will appeal not only to downsizers wanting a ‘proper’ Mercedes as an option, but those looking for a properly stylish, small luxury car. And for those buyers, the new Mercedes CLS fits the bill.