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Mercedes CLS facelift (2008): first official pictures

By Tim Pollard First Official Pictures 18 January 2008 15:58 Merc has revised the unfaceliftable: the CLS four-door. Four years after launch, the unusual coupe/saloon gets a freshen-up and a new cheaper entry model – but it’s not coming to the UK. Not that the CLS looks very different.

Maserati GranCabrio Fendi; half Maserati, half handbag

Maserati GranCabrio Fendi - a handbag on wheels Car maker like to hang a label on a special edition, and Italian car makers quite like the label to be ‘Designer’. Which at least explains the Maserati GranCabrio Fendi, just as it did the Fiat 500 Gucci. Whether it forgives it… So brace yourself for the world of pretension and ‘style’.

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.