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.

Lada XRAY Concept – it’s the Lada Evoque

Lada has revealed an appealing looking compact SUV concept at the Moscow Motor Show – the Lada XRAY Concept For those of us who grew up on Lada skips – and even for younger readers who only really know Lada for the Niva 4×4 or the Granta – the appearance of a good-looking Lada Concept - the Lada XRAY – at the Moscow Motor Show is a bit of a surprise. But if we look at who’s behind the XRAY, perhaps we shouldn’t be surprised. Steve Mattin, formerly with Mercedes and Volvo, penned the new Lada, and a very convincing job he’s done.

Qoros GQ3 becomes Qoros 3: Geneva Motor Show 2013

The Qoros 3 – formerly the Qoros GQ3 – has been revealed at the 2013 Geneva Motor Show alongside concept Cross Hybrid and Estates from Qoros. Not because GQ Magazine objected, but because Audi did. It seems the man at the four rings took umbrage at a Qoros model name with ‘Q3′ in it, so it’s now the Qoros 3 or, specifically, the Qoros 3 Sedan.