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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.

Alfa Romeo MiTo GTA – some proper details

I know, we do keep moaning about car makers playing tease in the run-up to a car launch. And Alfa has been playing the game recently on the MiTo GTA, releasing a couple of pointless shots of the upcoming MiTo GTA (another Geneva launch). So pointless were they that we didn’t bother with them, but now we have a proper image it’s definitely worth a show.

All-new 2015 Kia Sorento teased

kia-world.net Is this the face of the all-new Kia Sorento? According to the Kia blog kia-world.net it is, with the car set to make its debut in Korea later this year, ahead of a full European reveal at the 2014 Paris Motor Show. Expect the stylish, angular design to be toned down These initial artist’s impressions are based on the spy shots doing the rounds on the internet earlier this year, with the new Sorento seemingly destined to look every inch like the Kia Sportage’s big brother, a car which itself was treated to a mid-life refresh in March.