1960-61 Gmc Pickup Truck Exhaust Manifold 2377856 on 2040-parts.com

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.

Cadillac CUE: Intuitive driving in 2012

General Motors' Cadillac division is hoping to lead the way in intuitive multimedia systems, with the launch of its ‘Cadillac User Experience' (CUE) system, which is set to make is official debut at the forthcoming LA auto show. The product of nearly four years research and development, the CUE project began in 2008 when Cadillac designers rode with 32 consumers for six months to study driver habits. The result is a ‘comprehensive in-vehicle experience that mergers intuitive design with auto industry-first controls and commands for information and entertainment data'.

Ford dropping Ranger pickup from U.S. lineup after 2011

Ford Motor Co., as expected, is dropping the venerable Ranger compact pickup from its U.S. lineup after the 2011 model year. Ford is consolidating its global pickup truck platforms from three to two with the introduction of an all-new Ranger to be sold outside North America starting next year.