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Bentley SUV: first picture revealed

Bentley has revealed the first official image of its new SUV, which is due to go on sale in 2016. Although the new car is effectively set to rival the upper end of the Range Rover model line-up, Bentley is keen to emphasise the new SUV’s exclusivity, saying that it will be the most luxurious and powerful SUV on the market. Speaking at a press conference in London today, Dr Wolfgang Schreiber, chairman and chief executive at Bentley Motors, said: “It will create a completely new segment in the SUV market.” First revealed as the EXP 9 F concept car back at the Geneva Motor Show in 2012, the new SUV will be crucial to Bentley as it looks to increase its sales over the next few years.

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.

Irwindale, Kern County tracks coming back

Two paved circle tracks in Southern California should be up and racing by spring, good lord willing and the creek don't rise. The two facilities plan to cooperate in order to maximize the chances of success. Irwindale Speedway, now officially to be referred to as The Irwindale Event Center, had no races on its oval tracks in 2012 after the former track operators filed for Chapter 7 bankruptcy in February.