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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.

Jaguar XJ facelift (2007) first news and photos

By Jack Carfrae First Official Pictures 28 February 2007 11:29 2008 Jaguar XJ: the lowdown Jaguar is sprucing up its XJ luxury saloon at Geneva next week to keep it fresh until a radical new model arrives in 2009 – and these pictures show the big cat for the first time. There are numerous subtle changes to Jaguar’s flagship saloon, most of which are well within the ‘blink and you’ll miss it’ category, but they add a little more polish to the big saloon, which has always suffered criticism for its conservative design. Most of the changes involve the bumpers, which have been given a more distinguished, deep and chunky look, and a more prominent growler on the revised grille.

McLaren F1 GTR Longtail sells at Gooding & Co for $5.28 million

McLaren F1 GTR Longtail (pictured) sells at Gooding & Co for $5.28 million Even with the arrival of the new McLaren P1, the ultimate supercar is still the McLaren F1. The McLaren F1 is one of rarest of the more modern supercars, and McLaren produced just 64 road going F1s in addition to a number of racing versions, with the F1 GTR Longtail the last, and rarest, of the breed. So the arrival of a McLaren F1 GTR Longtail on the auction block at Gooding & Co’s sale in Scottsdale raised expectations of a possible record-breaking price for the GTR Longtail, with pre-sale estimates putting the price between $5 and $7 million.