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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.

Concept Car of the Week: Ford Forty-Nine (2001)

Over 1.3 million orders were placed for the 1949 Ford before it even went officially on sale. The revolutionary post-war design with slick slab sides and semi-covered wheels became a symbol of American optimism. "The inspiration for the Forty-Nine concept comes from the passion and excitement of the original, combined with the imagination of people across America who customized the car and turned it into what they thought a really great car should be," said J Mays, Ford's vice president of Design at the unveiling of the retro-futurist coupe back in 2001.

Lamborghini shifts R&D focus from more horses to fewer pounds

Lamborghini's drivetrain wizards say they have all the horsepower they need for their super-fast cars. So from here on, performance gains will come from using lighter materials to reduce vehicle weight, instead of from chasing more engine thrust. "It has come to the point where acceleration equals consumption," said Stephan Winkelmann, CEO of the Italian automaker.