20" Ballistic Jester 8x6.5 W/ Lt35x12.50x20 Federal Couragia Mt Tires Wheels Rim 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.

Truckers given the green light to drive faster

THERE'S good news for car drivers today as the government has officially increased the single-carriageway speed limit for heavy goods vehicles to 50mph. Previously, HGVs were limited to 40mph by law, leaving drivers' tempers to boil over in their cars while stuck in a long line of traffic. AA president Edmund King said: "This seems like a common sense move.

OnStar 'ignition block' disables stolen vehicles

OnStar, General Motors' in-vehicle safety and communications system, has launched a service to keep car thieves from starting a vehicle that has been reported stolen. As of July 20, three stolen cars had been disabled by the technology, called "remote ignition block." The feature is available on select 2009 and 2010 GM models. Subscribers must report their vehicles stolen to police officials and request assistance from OnStar, which then sends a signal that prevents the car from restarting.