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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.

Audi RS6 Avant ‘Plus’ planned with 600bhp

Audi are planning a ‘Plus’ model of the new RS6 Avant which will come with around 600bhp and be a full production model. Just as they have with the launch of the TT RS Plus, Audi are planning to give the new RS6 Avant even more power than it already enjoys in an RS6 Avant Plus model, and it won’t be a limited edition model but a full production option. Talking to Car Magazine, Stephan Reil, Audi Quattri Division boss, said that Audi were planning a range of RS Plus models which could get not just a performance boost but less weight too.

Bugatti Type 57S Atalante found in a barn

You’d have thought that every barn in the world had been scoured for lost classic cars by now. But it would seem not. An extremely rare Bugatti Type 57S Atalante has been found in a barn in the North East, property of a late Dr Harold Carr.