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Ford confirms Fiesta EcoSport SUV debut in India

Fiesta EcoSport SUV (rendered by Car & Driver Brazil) Ford has confirmed they will reveal an all-new vehicle planned for introduction in India and other global markets which we assume is the EcoSport SUV. A week or two back we reported that Ford in India has inadvertently posted some details about the upcoming Ford Ecosport, a high-riding compact SUV based on the same platform as the Fiesta. We speculated that the EcoSport would arrive at the Auto Expo 2012 in New Delhi in January, and it looks like Ford has confirmed that.

Redesigned 2012 Subaru Impreza bows at the New York auto show

The redesigned 2012 Subaru Impreza made its debut in New York on Wednesday with a more refined look, a longer wheelbase and a new four-cylinder engine. The Impreza's horizontally opposed 2.0-liter produces 148 hp and returns 36 mpg on the highway, even with all-wheel drive. Fuel economy is maximized with electric power steering and low-rolling-resistance tires.

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.