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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.

Motoring groups warn over M1 speed limit change

MOTORING campaigners have warned that speed limits on motorways across the country could be cut after the Highways Agency announced plans for a 60mph zone on the M1. The plan would come into effect between junction 28 of the M1 at Mansfield and junction 35a for Sheffield and Rotherham between 7am and 7pm, seven days a week. The Highways Agency said the reduced speed limit would be used to help reduce emissions along the route.

Mercedes F125! concept hints at electric S-class

Here's a riddle for luxury automakers: How will big, high-powered cars fit into a world that's greener, more congested and more tightly regulated than today? Mercedes-Benz rolled out one possible answer here last month with the F125! concept car.