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Meguiar's condition improves to stable

Avid car collector and TV host Barry Meguiar is in stable condition and his health is improving, according to a statement from Meguiar's Inc., the car-care-products company that bears his family name. Meguiar, 67, was hospitalized in Monterey, Calif., last weekend while attending the Pebble Beach Concours d'Elegance, and on Wednesday, his condition was reported as serious. The company statement, released on Thursday afternoon, said Meguiar had contracted an undiagnosed virus recently while recording his TV show, "Car Crazy," outside the United States.

Honda unveils UNI-CUB mobility device [w/video]

Honda has unveiled its new UNI-CUB personal mobility device, designed to be used in public spaces alongside pedestrians. The UNI-Cub is an evolution of the company's U3-X concept, revealed in 2009, and is designed to give users as much freedom as possible. This has been achieved through the world's first omni-directional driving wheel system – Honda Omni Traction Drive System – as well as balance control technology.

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.