Vintage Texaco Flasher - 550 Nos on 2040-parts.com

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.

Nissan’s NV200 London Taxi revealed in production guise

Nissan’s NV200 London Taxi revealed in production guise The lack of investment in the traditional London Taxi has left the door wide open for competitors, and Mercedes has made a good pitch with its Vito Taxi. But perhaps the most promising option for London Cabbies is the new Nissan NV200 Taxi for London – previewed over a year ago – which has now been fettled enough to be rolled out in something very close to production guise. Designed by Nissan’s London Design Studio, the NV200 Taxi for London is very similar to those Nissan has produced for other iconic taxi hotspots round the world – like the yellow New York Nissan Taxi – but comes with a bit of a pastiche of the traditional black cab’s nose with a new grill and round headlights.

Toyota Yaris Hybrid will cost under £15,000

The Toyota Yaris Hybrid will cost less than £15k Toyota has announced that the 2012 Toyota Yaris Hybrid will cost ‘under’ £15,000, with first customer cars arriving in July. Unlike much of the rest of the world, the UK is not getting the more compact Prius C. Instead, we have a much better option – the Toyota Yaris Hybrid – which we now know will cost ‘under’ £15,000.