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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.

Subaru WRX (2014) first official pictures

By Ollie Kew First Official Pictures 21 November 2013 10:30 This is the new Subaru WRX, albeit in US-market spec. Subaru hasn’t yet decided whether or not to offer the new-era ‘Impreza’ in the UK, though CAR understands the WRX would be pitched as a range flagship and priced above the £25k BRZ sports coupe. Read on to find out what the UK stands to miss out on… In a surprise to precisely no-one, the new WRX uses a turbocharged boxer four-cylinder engine, driving all four-wheels via a choice of six-speed manual or a CVT transmission.

Equus Bass 770: America’s all-new muscle car

What you’re looking at here is quite possibly the ultimate ‘pony car’ – a brand-new slab of American muscle heavily tinged with retro flair, six years in the making. It’s called the Equus Bass 770, it’s powered by a 640hp 6.2-litre suprecahrged V8, and you can buy one priced from $253,000. Which is around £157,000.