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BMW 6-series M-Sport Edition available in July

If you're in the market for a BMW 6-series -- including the low-slung Gran Coupe -- but don't have the extra coin to step into an M6 or the M6 Gran Coupe, then BMW has the answer for you with its newly minted M-Sport Edition Package. Available for all model and engine ranges of the 6-series, Gran Coupe and convertible, the M-Sport Edition Package comes with an M aerodynamics group, 19-inch M light-alloy wheels, LED adaptive headlights and fog lamps, high-gloss Shadow Line trim, black brake calipers and dark polished chrome exhaust pipes. Interior features would make you think you're in an M6, as it comes with an M leather steering wheel, door sill covers, footrests, napa leather sport seats and optional white leather seats with orange stitching.

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.

Russo and Steele auction remains closed

The Russo and Steele Collector Automobile Auction remained closed on Saturday as work crews continued to asses damage and clean up from high winds that destroyed two tents at the auction site in Scottsdale, Ariz., on Thursday night. In a message posted on the Russo and Steele Web site, CEO Drew Alcazar said he would meet with consignors of the cars at the auction on Saturday morning. He added that the auction would remain closed on Saturday but that Russo and Steele would work to hold auction sessions on Sunday and Monday.