Amazing garage-find Jaguars to be auctioned

TWO REMARKABLE Jaguars that were found abandoned in separate garages are to be sold at auction. A 1961 E-Type, one of the earliest ever made and confirmed as chassis number 40, was discovered just a few weeks ago in a garage near Le Mans by Coys auction house, which will also complete the sale. The car hasn’t moved since it was left in the garage in 1974, although Coys claims the engine was last started five years ago and it still turns over freely.

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.

U-turn for wheelchair row taxi firm

A TAXI firm that refused to pick up wheelchair users has had to perform a U-turn. Middlesbrough-based Boro Cars, the largest taxi firm in the North East, had originally said refusing disabled passengers was "morally wrong", but it brought in the policy anyway. The firm insists that minibuses cost drivers more to rent and that the standard fares, which are the only fares that can be charged to disabled passengers, are not high enough to earn operators any money.