02 Grand Prix Automatic Transmission 3.1l 664846 on 2040-parts.com

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

BMW EfficientDynamics hybrid supercar: production confirmed

BMW today gave the green light for production of the dramatic Vision EfficientDynamics hybrid supercar shown at the 2009 Frankfurt motor show. Munich admitted today that the tech underpinning the concept car was 'completely or virtually production-ready' and said that the car will be launched very much as shown in Frankfurt. It has started roadgoing tests of the 2+2 EfficientDynamics sports car and its three-cylinder turbodiesel hybrid system.

Renaultsport Clio 200 Turbo (2012) first pictures

This is the new Renaultsport Clio 200 Turbo. And as those last two words signify that although this new Clio RS has no more horsepower than its predecessor, it is now turbocharged. Outgoes the old hot Clio’s naturally aspirated 197bhp 2.0-litre engine, in comes a blown 1.6 with the same output, and rather than a six-speed manual gearbox the front wheels are now only driven via a double-clutch gearbox.