3861278 Volvo Penta Marine Sterndrive Gm Chevy 8.1 Fuel Injector on 2040-parts.com

Caterham F1 unveils its 2012 challenger

It's that time of the year when all the new 2012 F1 cars are unveiled. In the next fortnight, most of the major Formula 1 teams will announce their new race cars ready for the 2012 F1 season. The rules are changed, so are the cars.

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).

BMW M5 Nighthawk special edition revealed in Japan

BMW has released a special limited edition of the M5 for the Japanese market called the Nighthawk. The special run of just 10 examples will feature a matte paint BMW calls "Frozen Black," which will extend to the 20-inch wheels fitted on the car. Other custom touches will include a blacked-out grille, with the Frozen black paint on a number of exterior details.