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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.

Audi Q5 Hybrid revealed +video

The Audi Q5 Hybrid gets revealed on the quiet I know, you’re thinking that Audi has decided to get some spoiler photos and powerplant details on the Audi Q5 Hybrid out in the open ahead of the Los Angeles Motor Show to spoil the normal leaks on a new model. But no, it’s a bit more peculiar than that. For some reason – and without fanfare or announcement – Audi has added details of the Q5 Hybrid to its websites.

AutoWeek Best of the Best 2011: Cadillac CTS-V Coupe, Jeep Grand Cherokee

Several decades have passed since we handed out an award whereby AutoWeek editors picked the best new vehicles in a given model year. We've dabbled in things such as "America's Best," when we've asked you--our faithful, opinionated and knowledgeable followers--to vote on the best vehicle in certain categories. We drive hundreds of vehicles each year (including all of the newest hardware), report the cold, hard facts and give you our opinions about which vehicles are worth your consideration when the time comes to make one of life's biggest purchases.