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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.

Video: Buick's lead color and trim designer, Heather Scalf on the new Encore SUV

Buick's lead color and trim designer, Heather Scalf, talks us through the Buick Encore's interior as part of General Motors' ‘Faces of GM' series of short videos. The video series, which recently featured CDN and GM's joint interactive design contest, offers an insight into the lives and duties of the team at GM. Unveiled at the 2012 NAIAS, the Encore is a compact SUV that must fit into the Buick house style of mature luxury despite is relatively small size.

Kia Cee'd

Despite the Detroit Auto Show still being in full swing, Kia has given a first look at the all-new Cee'd, set to debut at Geneva in March. Very little detail about the second-generation Cee'd has been released, but externally the car adopts Peter Schreyer's tiger-inspired grille and high-set, wrap-around headlamps. The chrome detailing across the DRG and around the DLO are said to give the car a more premium appearance.