Ferrari Savara Thermostat 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.

Holden shows Efijy concept at the Australian International Motor Show

Holden's designers and engineers have delivered a knockout showcar at last month's Australian International Motor Show in Sydney. The Efijy (effigy - n. a stylistic representation of someone or something famous) is a stunning nod to the classic 50s FJ Holden with steroid-fed hot rod lines.

Rubens Barrichello does Top Gear

Rubens Barrichello does Top Gear this weekend Top Gear does like to get a Formula One driver or two to drive their track in a reasonably priced car. They’ve not managed to grab the whole grid yet – and they’ve also included a few golden oldies like Nigel Mansell and Damon Hill – but a lot of the big names seem to be persuaded it’s a bit of fun worth having. The top contenders this year have all been to the TG track, bar one.