Grey Hydraulic Hose 32-861128 Mercruiser/mercury Racing 1983-1991/1997/1998/2002 on 2040-parts.com

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.

2011 Mercedes C63 AMG leaks

The 2011 Mercedes C63 AMG We had the official release of images and detail on the 2011 Mercedes C Class facelift just before Christmas, following the inevitable leak of a photo or two at the start of November. What we didn’t get was any information on the latest version of the C63 AMG. But now we do.

Electric cars get a £500 million government cash boost – but will it get spent?

The new BMW i3 EV (pictured) will be subsidised until 2017. The subsidy of up to £5000 paid to buyers of electric cars has been with us for three years, but it hasn’t had much impact on EV sales and it did look like the government had decided to scrap it all together. But it looks like the coalition has allowed Nick Clegg to have his way with EV subsides in a move that will see £500 million injected in to promoting and supporting electric cars in the UK in the next few years.