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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.

Refreshed Looks Signal Arrival Of Updated Yaris

HOT on the heels of its newly launched Aygo city car, Toyota has released the first details of its refreshed Yaris supermini. Scheduled to hit the showrooms this summer, the restyled car boasts an improved interior and better vehicle dynamics that its maker believes will position the car as one of the strongest contenders in the fiercely competitive supermini market. The Yaris follows the example of new Aygo, adopting a dramatic look that integrates a distinctive cross shape, centred on the front emblem, which separates the new-look upper and lower grilles.

Jaguar F-Type with Black Pack is Firesand Orange: LA Auto Show

The Jaguar F-Type has had its North American debut at the Los Angles Auto Show complete with Black Pack and Design Pack and Firesand paintwork. But rather than roll out the standard models we’ve seen so far – the V6, V6 S and V8 S – Jaguar decided it ought to gild the lily a bit by rolling out an F-Type with a chunk of options bolted in so the Americans could see just how they could customise their own F-Type. Perhaps the most striking part of the F-Type in L.A.