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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.

Pagani Huayra: First US Pagani dealers revealed

Pagani Huayra - now on sale in the USA For a car maker that’s sold fewer cars in its ten year life than Toyota makes in fifteen minutes, Pagani has built a real reputation as a maker of hugely desirable hypercars. Remarkably, that reputation has been built whilst excluding from it sales market the biggest market for hypercars of all – the United States. But that’s about to change.

Hyundai Veloster UK (2012): Photos and video

Hyundai UK deliver a bumper load of photos and video of the new Veloster Hyundai UK has been busy taking photos and video of the new Veloster Coupe – due in showrooms in 2012 – and we have plenty of both. A couple of months on from the release of model and price details for the Hyundai Veloster in the UK, Hyundai UK has been making the most of their new coupe by taking a shed load of photos and videos of their new sporty coupe. So we though the least we could do is let you take a look.