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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).

Aston Martin Vanquish Volante revealed at Pebble Beach

Aston Martin Vanquish Volante revealed at Pebble Beach (Photo credit: Kimball Studios, courtesy Pebble Beach Concours d’Elegance) 2013 is a big year for Aston Martin – its 100th Anniversary – so Aston Martin at Pebble Beach this year is more than worth a look as Aston seeks to make a suitavly impressive spectacle at North America’s most prestigious car weekend. Top of the list of goodies – perhaps – for Pebble is the reveal this weekend of the convertible version of the new Vanquish – the Aston Martin Vanquish Volante – which gets a world public debut in front of the appreciative, and knowledgeable, crowd at Pebble. They’ll appreciate how clever Aston has been with the new Vanquish Volante which, despite using technology that’s really now past its sell-by date, they’ve managed to produce a convertible that’s incredibly stiff (certainly in comparison to the DBS Volante), beautiful to look at and performs as well as the Coupe.

BMW X5 passes the Million mark

The BMW X5. One million built since 1999 When we think of luxury SUVs we always think it started with the Range Rover. Which of course it did.