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Nissan Extrem concept

Nissan has unveiled its Extrem concept at the Sao Paolo motor show, a two-door 2+2 crossover that previews future Nissan design cues. The Extrem concept was designed at Nissan Design Center (NDA) in San Diego, California, in collaboration with Brazilian designers but much of the creative time was spent in Sao Paolo. "We call it Baby Beast," said Robert Bauer, Senior Design Manager for the project at NDA.

Alfa Romeo to launch 8 new cars in next 4 years – Alfa MiTo to be dropped

The Alfa Romeo Gloria (pictured) could point to a new Giulia Alfa Romeo has been stuck in the doldrums for quite a while, and is now in the sorry state of having just two cars on sale – the Alfa MiTo and Alfa Giulietta – both compact cars and both with front wheel drive. Not really Alfas, although they’re better than you might expect. But in a brave plan to turn Alfa Romeo in to a proper force again – a plan we reported was on the cards a year ago – Sergio Marchionne has revealed that Alfa is planning to launch eight new cars in the next four years and concentrate on proper RWD cars with proper driver appeal.

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.