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Double Success For Ford At Scottish Car Of The Year

FORD is celebrating a double victory at the Scottish Car of the Year awards, where its Fiesta ST took Best Hot Hatch title and Ford’s MyKey technology was judged Innovation of the Year. Commenting the Fiesta ST’s win, Alisdair Suttie, Association of Scottish Motoring Writers president, said: “Buyers of affordable ‘pocket rockets’ are spoiled for choice these days, with power and fuel economy light years better than ever before. Our winner is not the most powerful of the shortlisted cars but its ease of driving and superb chassis won over the judges.” The judges were also impressed by Ford’s MyKey, an industry-first technology which allows parents to programme a key for younger drivers that limits their top speed, reduces maximum radio volume, disables the radio until seat belts are fastened and prevents deactivation of driver assistance and safety technologies.

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.

918 a match for Ferrari and McLaren in corners, says Porsche

Had you forgotten about the third contender in the hybrid supercar wars, given the furious competition betwen Ferrari and McLaren? Porsche’s hybrid 918 Spyder is that third competitor, which mates a 4.6-litre normally aspirated V8 to an 84bhp front-drive electric motor and a 127bhp EV motor helping drive the rear tyres. It costs £768,026, and though Porsche won’t quite admit as much, you can still buy one of the 918 being produced - unlike the sold-out LaFerrari.