Garmin Gpsmap 440 Marine Gps on 2040-parts.com

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.

Autoweek in review: This week's wrap-up

--MotoGP's Marco Simoncelli died on Sunday in a crash on the second lap of the Malaysian Motorcycle Grand Prix, when his helmet came off and he was hit by other riders. Officials canceled the race. -- The Mazda Takeri concept will replace the Mazda 6 sedan within the next couple of years.

A Fiat Accompli: Rodeo Drive, Italian style

The annual Father's Day car celebration, the Rodeo Drive Concours, has feted many a marque over the years, from the inaugural show in 1993 honoring the Ferrari 348 Spyder to one year that celebrated the first 100 years of the automobile by bringing one representative car from each of those 100 years. But this year, it was Fiat. Yes, Fiat, the humble little car that put Italy back on wheels after the war.