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Buick Encore video gives us a proper look at the Opel / Vauxhall Mokka

Buick Encore video previews the new Vauxhall Mokka The Vauxhall/Opel Mokka may not arrive until Geneva 2012, but we get a good look at what’s on offer in this Buick Encore video. The whole ‘World Car’ phenomenon that’s sprung out of the mire of the financial woes of the US car industry does lead to a few anomalies. Like the Buick Encore being revealed in the States whilst Europe has only had a couple of photos of the Opel / Vauxhall Mokka ahead of its debut at the 2012 Geneva Motor Show in March.

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.

Lotus not liquidating

When a storied car brand moves only 137 units in a year in the UK and 242 in the US, predictions of said marque's demise carry a certain amount of weight -- 137 is not exactly a number that makes an automaker too big to fail. When the manufacturer in question shows up on a government list of companies to be shut down, brand-enthusiast hearts get heavy; the early stages of mourning kick in. But when the company in question is Lotus, the enthusiast thinks to himself, “Eh, they've been in dire straits before.