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Concept Car of the Week: Ford GT90

The second edition of ‘Concept Car of the Week' features what was hailed as "the world's mightiest supercar": the Ford GT90. The GT90 was unveiled at the 1995 Detroit auto show and acted as the poster boy of the 'New Edge' design philosophy, with its large, flat planes, angles and triangular shapes it was a major change in design direction. This car, completed in just six months, was something of a successor to the GT40, using some of its design cues such as doors that cut into the roofline, but underneath many components were borrowed from the other cars such as the Jaguar XJ220.

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.

Aston Martin sale imminent

Despite denying they were in talks to sell a stake, Aston Martin has confirmed it is in talks for a ‘Capital Increase’ with a deal announcement seemingly imminent. We’ve been banging on for more than a year that Aston Martin needs a new investor if it has any chance of remaining credible and viable. And now it looks like that ‘Big Brother’ for Aston Martin is imminent.