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 looks at Ford Mustangs that never were

When a car has been around for nearly 50 years, like the Ford Mustang, it is bound to go through many generational styling changes. In most cases, it will also be the subject of several design studies and concepts that never make it to the auto show stage. With the 2015 Ford Mustang just days away, we though it would be a good time to look back on some of those concepts that most of the world never got to see.

Infiniti's design future: where next for Nissan's BMW

Infiniti’s design language, Dynamic Adeyaka, will be turned up on the next generation of the company’s cars, the brand's design chiefs have told CAR. And there are more concepts cars coming to showcase the styling direction, as Infiniti continues to persaude buyers from their BMWs. We won’t see anything at the 2010 Paris motor show (more details of the alliance with Daimler are expected to be the news there) but the 2010 LA, or 2011 Detroit or Geneva shows will host a new Infiniti concept car to follow on from the gorgeous Essence (pictured above with design director Shiro Nakamura).  We told you the other day about Infiniti's new electric car coming in 2012.