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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 Camaro Z/28 boasts slick aero tricks

When the Chevy Camaro Z/28 was unveiled last spring at the New York auto show, we were told how Chevy took stuff out to lighten the car. Trunk carpet and interior sound-deadening material are jettisoned, the sound system has but one speaker, the rear glass is thinner and so on. Despite the decontenting, it turns out the Z/28 is no stripper, at least in terms of aero technology: Chevrolet says the 2014 Camaro Z/28 manages airflow “like few other production vehicles, generating downforce like a race car.” Delving into the hyperbole reveals numerous exterior modifications designed to improve not just aerodynamics, but powertrain and brake-system cooling, as well.

Rolls-Royce Ghost V-Spec (2014) first official pictures

By Ollie Kew First Official Pictures 08 January 2014 14:00 The Rolls-Royce Ghost V-spec has been unveiled as the brand’s new performance model. Strictly, it’s not a powered-up, hard-core model in the vein of, say, a Nissan Skyline V-Spec (though wouldn’t that be wonderful?), but a special edition to celebrate the Ghost’s fifth birthday. So don’t expect to see this Ghost hauling itself around the Nurburgring Nordschleife in the near future.