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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 4C beats Aston Martin DBS (AM310) to Villa D’Este prize

The Alfa Romeo 4C has beaten the Aston Martin Project AM310 (new AM DBS) to the prize for best concept at Concorso d’Eleganza Villa d’Este. As you can’t have failed to notice, this last weekend was the Concorso d’Eleganza Villa d’Este, an elegant and delightful car event on the shores of Lake Como in Italy. And the new Aston Martin DBS (Project AM310) was the big news.

One in six drivers admits 'bump parking'

ALMOST one in six drivers admits to deliberately letting their car hit an adjacent one when trying to park. Known as ‘bump parking’, it means drivers simply carry on moving until they hit the car they’re heading towards. The figure rises to a shocking 26% – more than a quarter – among those living in London, with UK-wide drivers aged 18-34 recording the same statistic.