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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.

Revolutionary seat design offers new possibilities

Lufthansa has introduced an innovative business class seat, the result of five years of development by design agency PearsonLloyd. PearsonLloyd has decided to move away from the conventional technique of placing seats in different directions to allow reclining and has opted to arrange the seats in a ‘V' formation. This does not mean there is any invasion of personal space – far from it, as when passengers lie down their seat's consoles hide their heads.

Mercedes-Benz Bionic car at MoMA

Unveiled in June 2005, the Bionic car was developed by designers, engineers and biologists working hand in hand. Its template was a sea dweller from tropical latitudes: Ostracion Cubicus - more commonly known as the boxfish. Despite its unusual-looking shape, the fish is extremely aerodynamic and can therefore move using a minimal amount of energy.