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Koenigsegg Trevita revealed

The new Koenigsegg Trevita, with diamond finish Carbon Fibre This is the first time that Koenigsegg’s visible carbon weave has been produced in anything other than bog-standard black. But in the Treviat it looks stunning – it shimmers in a  way its namesake would be proud of. The CCXR Trevita will – we assume – come with the same bio-fuel engine as the CCXR Edition, as Koenigsegg has told us that this car will produce the same mammoth 1018 bhp, and sub-3 second 0-60, as the Edition.

New Toyota Supra Concept first look – heading for Detroit 2014

New Toyota Supra Concept first look – heading for Detroit 2014 A new Toyota Supra is something Toyota were planning before the world’s economy jumped off a cliff in 2008, but with the world running out of money – and fripperies like sports cars low on the priority list – Toyota swerved away from its plans to launch a new Supra. But the world has moved on since 2008, and Toyota have got increasingly bullish about performance cars in the last year or two. So now it looks like a new Toyota Supra Concept is heading for next month’s Detroit Auto Show.

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.