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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.

Bahrain Grand Prix (2013) RESULT

Nico Rosberg put in a cracking lap in qualifying for the 2013 Bahrain Grand Prix to take pole position, but the Mercedes did look like it might have problems with tyre degradation in the race. With Sebastian Vettel lurking alongside and Fernando Alonso right behind, it was a big ask for the German to turn his pole position in to a win, and so it transpired. Alonso managed to briefly get past Vettel at the start of the race, but Vettel soon got his second place back and within a couple of laps had taken Rosberg for the lead.

Jaguar Land Rover: LIVE reveal from Geneva

Jaguar Land Rover Press Conference LIVE from Geneva 2011 Just in case you’ve been lurking in an cave for the last few weeks, we’ll remind you that the 2011 Geneva Motor Show is but days away. And that means lots of car news, as you may already have realised. Which also means that, although we’ve already managed to bring reports of far more than the car makers would really like, we get a live reveal of new cars – always a bit of a buzz.