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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.

Ford Escape recall addresses door handle issue

Ford is recalling Escape SUVs from the 2013 and 2014 model years for a problem that can make the doors difficult to close or -- more ominously -- can cause the doors to open while driving. A total of 581,986 SUVs made between October 5, 2013, and April 10, 2014, are affected; Ford blames the recall on assembly misalignment between the exterior door handle and the door outer panel. The danger of this assembly issue involves the possibility of an unbelted passenger falling out of the SUV, though Ford has not indicated that any such incident has occurred.

Jaguar XK production will end this summer

During its time under Ford's Premier Automotive Group umbrella, the Jaguar XK saw two iterations. The first was a much-needed replacement for the aging XJS. The second cribbed cues from the classic E-Type, as well as from designer Ian Callum's previous work at Aston Martin.