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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.

2014 Mercedes S65 AMG spied undisguised (video)

The 2014 Mercedes S65 AMG (Pictured) spied on video ahead of an LA debut We’ve already had the new Mercedes S-Class revealed and its everyday performance version – the new Mercedes S63 AMG – has been unveiled too. But there’s one more S-Class to come – the 2014 Mercedes S65 AMG. We’re expecting the S65 AMG to arrive at the Los Angeles Auto Show later in 2013, but it looks like Mercedes are readying some promotional videos for their new range-topping powerplant in the S65, with a completely undisguised car caught on video.

Audi to hold Urban Future Summit

Aiming to further the thinking initiated at the inaugural Urban Future Awards last year, 2011 will see Audi hold the Urban Future Summit on September 12 in Frankfurt, just prior to the start of the 64th international motor show. The symposium will feature presentations from internationally renowned speakers on the future of individual mobility in megacities, with participants from all over the world. The goal of the summit is to ‘build knowledge networks', focusing on the subject of "Energies - what forces will change the cities of the future?" Expert speakers such as Saskia Sassen, Carlo Ratti, Ludger Hovestadt and Charles Leadbeater will be among those who will discuss how mobility and the urban space must develop to meet the demands of future cities.