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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
New Jaguar XJ Interior tease w/Video
Tue, 07 Jul 2009This is all we get to see of the new Jaguar XJ interior before Thursday With only 48 hours until the new XJ gets launched at the Saatchi Gallery in London’s Kings Road – by Jay Leno, no less – Jaguar has sent us what will be the last tease – this time on the interior. We get the main-man again this time – Ian Callum, Design Boss – which illustrates just how important the interior of the new Jaguar XJ is going to be. We said the other day that the Driving Dynamics would make or break the new XJ, but this will too.
Audi R8 Spider (2007): first official pictures
Fri, 27 Jul 2007By Tim Pollard First Official Pictures 27 July 2007 06:10 Audi R8 Spider: the lowdown Audi is lopping the top off its R8 supercar - and CAR Online has the exclusive proof. This official design sketch leaked from the company's Ingolstadt design studios shows exactly how the open-air R8 will look when it goes on sale in 2009. It follows our scoop on the Audi A1 yesterday, and we have more Audi news to come tomorrow.