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Volkswagen Iroc concept (2006): first official pictures

By Phil McNamara First Official Pictures 24 August 2006 08:01 The lowdown This is the Iroc, a sexy successor to the Scirocco coupe that Volkswagen will launch in 2008. Officially, the Iroc is a concept car, but make no mistake, this dynamic three-door is heading for production. The design doesn't share many obvious styling cues with the 1974 original.

Hyperion by Pininfarina is a luxury yacht on wheels

Hyperion is the name of a titan from Greek mythology, known also as the lord of light. He was one of 12 titans, which makes him a bit less exclusive than the Pininfarina vehicle that bears his name. The one-of-one Hyperion by Pininfarina is a convertible based on the Rolls-Royce Phantom Drophead Coupe.

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.