1955 1956 Pontiac Convertible Front & Rear Seats 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.

GT3 Challenge Brazil spells out Porsche in Porsches on track

Earlier this month, the Porsche GT3 Cup Challenge Brazil took a break from punishing the pavement to spell the word “Porsche” in Porsches on Estoril's straight. The project took 23 hours of shooting and countless more in planning. Nearly 180 people were involved including drivers, Porsche GT3 Cup Challenge Brazil staff, engineers and mechanics, Estoril Circuit staff and others.

Fiat 500C drops cover (and top) for Geneva show

To keep in step with Mini, Fiat will launch a convertible version of the 500 at the Geneva motor show. The 500C comes a couple months after Mini showed its own new convertible at the Detroit auto show. In place of the fixed roof is a power retractable soft top with rear glass window and built-in rear brake light.