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BMW i3 caught testing in New York

BMW has been hyping its futuristic i lineup for years now, but the long lead time doesn't mean that the highly efficient, carbon-fiber-based vehicles are vaporware. Earlier this month, we test drove pre-production versions of the i3 and i8, and last week, Autoweek reader Frank Cogliano spied the former vehicle on the road. Cogliano caught this wrapped i3 near Stony Point, New York -- about 30 minutes from BMW's New Jersey headquarters.

Four-door BMW 4-series Gran Coupe revealed in renderings?

Another day, another upcoming car revealed thanks to a leaked patent filing -- and another BMW model variant to memorize: f30post.com has renderings of what looks to be the four-door BMW 4-series Gran Coupe, originally posted at the Chinese-language site autohome.com.cn. No, your eyes do not deceive you, nor are you going crazy. This is, or at least appears to be, a four-door version of the car that BMW created as the dedicated two-door replacement for the now-discontinued 3-series coupe.

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.