1955-6 Packard Crankshaft Timing Chain. 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.

Bentley Hybrid Concept is a Mulsanne, but it’ll arrive in the new Bentley SUV

The Bentley Hybrid Concept (pictured) will debut in Beijing There’s been lots of talk of a Bentley Hybrid for a number of years now, and in 2011 Wolfgang Dürheimer confirmed that hybrid was in Bentley’s plans and that it would be a plug-in. Fast forward three years and we get the Bentley Hybrid Concept, Bentley’s first crack at a plug-in hybrid powertrain all wrapped up in the Mulsanne. But it won’t be the Mulsanne that sees a production version of the hybrid powertrain but, as expected, the new Bentley SUV.

2013 Maserati Quattroporte night testing (video)

Maserati has released a video of the 2013 Quattroporte out night testing ahead of a Detroit Auto Show public debut. The new Quattroporte is bigger and more powerful than the current model and leaves Maserati room to introduce a smaller version – the new Maserati Ghibli – to take on the sports saloons from BMW, Mercedes and Jaguar. To be honest, the video tells us little we don’t already know about the new Quattroporte (except perhaps that it has frameless glass in the side windows), but it does indicate how keen Maserati are to keep the new Quattroporte’s PR momentum on the move ahead of its debut.