Cadillac Taillights 1974 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.

SEAT reveals new X-Perience crossover

SEAT SEAT has revealed the new Leon X-Perience, the latest addition to the expanding Leon range and a foray into a new niche for VW's Spanish subsidiary. Following a method proven by the likes of Audi, Subaru and Volvo, SEAT has taken its new Leon estate, the ST, and added 4WD and plastic bumpers to create a new model. The basic shape of the Leon ST has remained unchanged, with a 15mm rise in ride-height and new anodised black roof rails completing the transformation.

Nissan GT-R to be revised for Europe

By Tim Pollard Motor Industry 01 May 2008 18:14 Nissan is fettling its GT-R before it goes on sale in the UK in April 2009. It might have just announced a new lap record at the Nurburgring – chief test driver Tochio Suzuki shaved nine seconds off the GT-R's previous record of 7min 38 – but Nissan's engineers are already working on upgrades to the everyman's supercar.Chief vehicle engineer Kazutoshi Mizuno told CAR Online that the GT-R models bound for the American market would benefit from a range of small tweaks, including three harder engine mounts and a stiffer transaxle mount to stop the mechancial parts from moving under extreme cornering. It's detail like this that enabled the new 7min 29sec...Nissan GT-R: detail changes'The new mounts make the car feel more together in extreme circumstances,' he said.