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Concours d'Elegance of America selects classes for 2012 event
Wed, 05 Oct 2011The Concours d'Elegance of America has announced classes for its 2012 event in Plymouth, Mich., where more than 300 cars are expected to be on display. July is several months away, but here are some highlights you can look forward to through the impending winter: -- American classics from 1928 to 1934: While the Great Depression crippled automotive sales, it also motivated designers to work even harder to attract buyers' attention. Some beautifully crafted custom coaches sprung from this period.
Kia Sorento Facelift revealed – take two
Mon, 18 Jun 2012A facelift for the Kia Sorento has been revealed ahead of its arrival in the UK in the autumn as a 2013 model. Regular readers may think ‘Kia Sorento facelift? Haven’t we seen that before?’ And you’d be right.
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.