Diversified Machine Lw Steel Rotor .810in. X 12in. Src-0811 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.

Peugeot 208

Peugeot today unveiled the all-new 208, which will replace the 207 in spring 2012. Entirely new from the ground up, the French firm's latest B segment model is said to ‘represent a true generation leap' over its predecessor and embody ‘the principles of agility and efficiency'. "The strength of the 208 lies in its style: it is a real ball of energy," says Peugeot's design director, Gilles Vidal.

Consumer Reports gets top vehicle picks mostly right

Despite the publication's uncomfortably broad definition of reliability -- it spans everything from "the engine fell out" to "the touchscreen display shows fingerprints too easily" -- automakers still clamor to get on the Consumer Reports recommended vehicle list. This year's winners cover a broad spectrum of vehicles, and for the most part, we're in agreement with the magazine's editors, with one significant exception at the top of the list. Best overall vehicle went to the Tesla Model S.