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Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The 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.
Ford Verve Sedan, F150 (2008): first official pictures
Sun, 13 Jan 2008By Liz Turner Motor Shows 13 January 2008 18:48 The Mustang Bullitt GT is the cherry on top, not of a cake, but a pile of bread-and-butter products at Detroit that could save Ford. The Blue Oval has unveiled an all-new mighty F150, a four-door US version of the Fiesta-sized Verve concept seen at Frankfurt and a range of turbocharged direct-injection petrol engines, dubbed EcoBoost. Derrick Kuzak, group VP for global product development, told CAR Online that to truly reduce emissions you need a mass-production solution people can afford, and EcoBoost doesn’t need all the expensive and complex after-treatments for NOx and particulates needed by diesel to meet US regulations.
Ford Focus RS has 1000 UK orders
Thu, 11 Sep 2008By Nick Eaton Motor Industry 11 September 2008 16:05 Ford UK has confirmed its dealers have received more than 1000 orders for the new Focus RS, despite the rampant hot hatch having only been unveiled at the British motor show two months ago. By way of comparison, Ford UK only sold 2200 previous-generation Focus RS models in two whole years. According to Ford, 40 percent of customers have requested the Electric Green paint (pictured in CAR's exclusive photoshoot above), while Frozen White and Electric Blue have also been popular choices. There’s been no word on ASBO Orange just yet… As well as the choice of colour, punters can spec a Lux pack, a premium sat-nav system and leather, though we’d recommend sticking with the standard trim on the excellent Recaros.