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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.
Mazda sells 10 millionth car in America
Wed, 23 Oct 2013The first car Mazda ever sold in America was the R100, a cute lil' two-door fastback that was, unsurprisingly, rotary-powered. The year was 1970. Iggy Pop had made that much explicitly clear with "1970." Just imagine how weird it must have been for Americans to wrap their minds around some tiny Japanese upstart, selling a car approximately the size of a 1970 Cadillac Fleetwood Brougham's wheelwell, powered by -- what's this, German technology?
Lotus Exige S (2011) at Frankfurt motor show
Tue, 13 Sep 2011This is the new Lotus Exige S, just unveiled by CEO Dany Bahar at the 2011 Frankfurt motor show. And it might not be the sort of Lotus Exige you were expecting: this new S model now runs the supercharged 3.5-litre V6 from the Evora S, meaning it not only boasts 35% more power than before, but it is also 191kg heavier. Lotus Exige S: the spec Lotus’s long-held mantra has been ‘add lightness’, but Bahar’s future plans call for models to rival the 458, the California and the Rapide, essentially bigger cars with bigger engines.