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2012 Nissan Versa has more features, larger sticker--$10,990

The redesigned Nissan Versa has more standard features and a higher starting price for the 2012 model year--$10,990 without destination costs. The sub-$10,000 Versa will no longer be sold in the United States. Destination costs for the 2012 model have not yet been released.

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.

Newport Convertibles rolls out Subaru Impreza WRX STI drop-top

Just in time for summer, Newport Specialty Cars rolls out its latest dropped top, the Subaru Impreza WRX STI. You are guaranteed to be the hit of the local scene from Tacoma to Tallahassee when you roll up in one of these. With room for five, your popularity could potentially quadruple.