Lamborghini Gallardo replacement named Huracan

A Lamborghini source has apparently revealed that the Italian supercar firm’s replacement for the Gallardo – due next in 2014 – will be called the Huracan. The insider let slip to Auto Express that the new V10-powered supercar will be called Huracan, which is Spanish for hurricane. This is in contrast to earlier reports that suggested the Gallardo replacement would be called the Cabrera.

Jaguar C-X16 Revealed: It may be the XE, but it’s no E-Type Jag

Jaguar C-X16 - innovative under the skin We’ve known the new small sports car from Jaguar – which may or may not become the Jaguar XE – was heading for Frankfurt for some time. Especially after we had teases of the Concept version – the Jaguar C-X16 – a few weeks ago. So it was no surprise when we had a heap of new photos and a video of the C-X16 drop in to our inbox at midnight.

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.