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Eve of Eyes kicks off festivities for the EyesOn Design car show

Designers of all ages and and stripes descended on the ancestral home of General Motors styling on Thursday night for the annual Eve of Eyes event that kicks off festivities for the EyesOn Design car show. The spotlight event is always a favorite of designers to mingle, network and ponder their craft over drinks and light fare. This year, it was held in a fitting venue--the College for Creative Studies.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.

VW Jetta Hybrid unveiled at 2012 Detroit show

Volkswagen unveiled its second hybrid production car at the 2012 Detroit auto show: the new Jetta Hybrid, which goes on sale in November 2012. The hybrid Jetta is aimed predominantly at the north American market, although it is likely to be sold in other markets over the coming years. VW Jetta Hybrid: the technical lowdown The first hybrid from Wolfsburg was the VW Touareg, co-developed with Porsche and Audi.