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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.

Five Minutes of The Monterey Motorsports Reunion

Producer Harry Pallenberg is almost done with his historical race track DVD “Where They Raced,” which ghost-hunts all the great race tracks of Southern California, from Beverly Hills board tracks, to Gilmore Stadium to Ascot and Lions drag strip. It should be pretty good when it's done, but it's not done yet. “I am having some issues clearing some of the footage,” Pallenberg said.

Lotus Evora Sports Racer (2013) first picture

This is the new 2013 Lotus Evora Sport Racer. Available in either standard Evora or supercharged 'S' form, the Sport Racer gets unique paint schemes, a wealth of optional extras thrown in – and a price cut to boot. Usually, less is more with Lotuses.