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Jaguar offers all-wheel drive - but not for UK

Jaguar has confirmed four-wheel-drive models will join its range once again, for the first time since the AWD X-type was killed off back in 2009. The first 4wd Jaguars will be the XJ and XF ranges. They'll be petrol-powered only, and just in saloon form for now, but don't get too excited if you're a UK customer: Jaguar has no plans to bring the all-paw big cats over here any time soon.

Boca Raton concours to honor Milhous brothers

Well-heeled car fans will be able to get their hands on some highly coveted autos when the Milhous collection goes up for auction on Feb. 24, in a multiday sale that coincides with the Boca Raton Concours d'Elegance. Bob and Paul Milhous of the Milhous Museum will be honored with the Lee Iacocca Award at this year's concours, a distinction that goes to individuals who have perpetuated the American automotive tradition in their dedication to classic-car preservation.

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.