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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.

Caterham planning SUV & City car

It’s not just an Alpine Sports car (pictured) that Caterham will sell – it’s an SUV & City car too We already know that Caterham and Renault are working together to build a new sports car to be marketed as both a Caterham and an Alpine. But there’s already more in development. When we revealed the joint venture between Caterham and Alpine/Renault it was clear that Caterham wanted to develop a broad range of cars with Renault, and now Caterham boss Tony Fernandez has revealed to Reuters there’s a Caterham SUV and Caterham City car in development.

One lap of the Web: Lamborghini Veneno hits 'Need for Speed' and an Audi 200 Quattro with launch control

The latest trailer for “Need For Speed: Rivals” features the one-of-four Lamborghini Veneno along with some Dodge Charger Police vehicles, Aston Martins and some other high-performance street racers. Check out the trailer here; the game comes out in November. Over at Petrolicious the boys and girls are talking about the STP turbine Indy cars and other cutting-edge--for the time--technology.