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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.

Hyundai revises fuel-economy numbers downward again

Hyundai revamped its fuel numbers on its Sonata sedan on March 4, and on Monday it issued an apology for misleading buyers. This is the second time in two years the company has needed to make amends for false numbers. Hyundai said the original number on its Sonata was 12.6 km per liter, which translates to 29.6 mpg.

Domestic brands top latest consumer satisfaction survey

Volkswagen Group and Ford Motor Co. fared well among automakers in an annual study released Monday measuring quality and how deeply consumers feel about a new car or light-truck purchase after several months of ownership. And for the first time in over a decade, domestic automakers, led by GM, topped foreign brands in individual product segments surveyed by Strategic Vision, a California research and consulting firm.