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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.

Older Ford Escapes recalled for sticking throttle

Ford Motor Co. is recalling about 485,000 units of the Escape SUV from the 2001-04 model years to check for a damaged cruise-control cable that could cause the throttle to stick open. The recall covers the Escape in North America and the SUV in Europe, where it was sold with the Maverick nameplate.

All the BMW E and F codenames explained

Two years ago, we published a list of BMW codenames for the anoraks out there. And with the launch of the new 1-series, what better excuse to update Munich's future model plans? We've researched all the different BMW E and F codenames we know about and explained them all in our handy list below.