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Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.
GM greenlights Chevy Spark, Orlando for production
Sun, 11 Jan 2009Two more fuel-sipping Chevrolets will be coming to North America in 2011. The Chevy Beat concept is now called the Spark, and along with the Orlando multi-purpose vehicle, has been greenlighted for production. They will be sold around the world, including in the United States.
Bentley Continental Flying Spur Speed Series 51 Review & Road Test (2011) Part 3
Wed, 13 Apr 2011Bentley Continental Flying Spur Speed Interior Who will buy the Bentley Continental Flying Spur Speed? It seems a fair question. For the keen driver there is no comparison between the regular Flying Spur and the Flying Spur Speed.