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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.

Fiat 500 Abarth 500 R3T rally car (2009) revealed

By Chris Chilton First Official Pictures 02 October 2009 13:00 After letting it wither to nothing but the name on a set of spoilers in an accessories catalogues a few years ago, Fiat really is serious about the Abarth brand again. We’ve already had hot Punto and 500 Abarth road cars, the Abarth 500 Assetto Corse racer, and now there’s this, the Abarth 500 R3T rally car, unveiled at the San Remo Rally. Not quite.

Audi announces 2015 A3 pricing

The last A3 we drove, an Irish-spec model with cloth seats and a 1.4 TSI engine paired with Audi's S-tronic twin-clutch gearbox, retailed for $54,495. Thankfully, American buyers won't face that sort of out-the-wazoo payment when the new sedan arrives early next year. Audi's announced a price that takes a direct shot across the bow of rival Mercedes-Benz' CLA: $29,900.