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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.

UPDATE: Jack Roush, injured in plane crash, transferred to Mayo Clinic

Jack Roush was transferred on Wednesday evening to the Mayo Clinic in Rochester, Minn., to receive treatment for facial injures sustained in a plane crash, his company said. Roush, 68, is co-owner of Roush-Fenway Racing and chairman of Roush Enterprises, a supplier most famous for customizing Ford Mustangs. He crashed his plane during landing on Tuesday at an airport in Oshkosh, Wis.

Sebastien Loeb's 2014 WTCC Citroen racer revealed

This is the Citroen that will be driven by Sebastien Loeb in the 2014 FIA World Touring Championship as the brand joins the series for the first time. Based on the Citroen C-Elysee saloon, the WTCC is the first model homologated for the new regulations that come into effect next season, with the series set to kick off in Europe in mid-April. What is the Citroen C-Elysee?