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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.

Who is the greatest car designer at work today?

6 August 2012 update: Click here for the full CAR design power list story - from CAR magazine August 2010 issue It's a classic pub banter for anyone with a drop of petrol in their veins: who is the greatest car designer? Stylists are the rock stars of the car industry, the ones who bring to life the metal boxes that transport you and I around our daily lives. The new August 2010 issue of CAR Magazine, out on Wednesday 21 July, reveals the CAR Top 30, as we count down the most influential, successful and downright talented designers in the auto industry.

Top Gear: Ferrari 458, Jeff Goldblum & British Sports Cars – last in series

Top Gear Tonight - Jeff Goldblum and British Sports Cars Looks like this will be the last of the ‘What’s on Top Gear Tonight’ pieces to keep you on the ball on a Sunday to at least remember to set the Sky+ (too late for the little green button now). We were convinced there was another in series 15 after this week. Must have been that lost weekend we had.