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Chrysler's main creditors reach deal with U.S.; others hold out
Tue, 28 Apr 2009The 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.
Audi TT range extended for 2009
Tue, 23 Dec 2008Audi has released details of the changes to the Audi TT for 2009, including more models with the quattro option and the S-Line pack available across almost all the range. S-Line (the most popular add-on across the Audi range, and the one guaranteed to get you the best price at trade-in time) is now available on the 2.0 TFSI and 2.0 TDI Coupe and Roadster for an additional £1,615 and on the 3.2 V6 Coupe and Roadster for an additional £1,030. Audi has extended the TT range for 2009 Quattro four-wheel-drive availability has now been extended to the 2.0 TFSI Coupe and Roadster, together with the standard S tronic twin-clutch transmission.
Fisker Karma recalled over fire risk
Sun, 19 Aug 2012The Fisker Karma range-extender EV is being recalled over a fire risk from a faulty cooling fan. We’re not sure how many Fisker Karmas there are in the UK (well, there should be at least one), but so far it appears that there are a surprising 1,900 in the wild. Now those 1,900 (or 2,400 if you count all the Karamas built and heading for customers) are to be recalled after fire destroyed two Karmas in the US.