Mgb Three Main Engine 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.

Ford recalls more than 26,000 trucks for faulty switch

Ford Motor Co. is recalling about 26,700 copies of the F-series truck, Excursion SUV and Ranger pickup for a potentially faulty switch that could cause turn signals, taillights and brake lights to malfunction. According to the National Highway Traffic Safety Administration, affected vehicles include certain 2002-2007 F-250, F-350, F-450 and F-550 trucks and Excursion SUVs.

Ferrari SP FFX revealed – it’s not a looker

The one-off Ferrari SP FFX – complete with white fringe and coupe roof. Ferrari Special Operations is the division of Ferrari that relieves very well-heeled punters of vast quantities of cash to create one-off specials – just like Eric Clapton’s Ferrari SP12 EC. But a big bank account doesn’t necessarily equate to great taste, at least not if the only image we have of Ferrari’s latest one-off creation – the Ferrari SP FFX – is anything to go by.