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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).

Mazda Minagi Concept – Mazda CX-5 – leaks ahead of Geneva

The Mazda Minagi Concept - will become the Mazda CX-5 The Mazda Minagi Concept is a compact SUV concept Mazda are planning on taking to Geneva in March. Fortunately, the name won’t stick when the Minagi goes in to production. Instead, this will be the Mazda CX-5. With a front end that pays homage to the Mazda Shinari Concept (the concept that points the way to the Mazda RX-9) and a back end that seems to find inspiration in the Hyundai ix35, the Minagi is Mazda’s answer to the compact SUVs from Ford, Hyundai, Audi and VW.

Lamborghini Huracan racks up 700 orders ahead of a Geneva debut

The new Lamborghini Huracan (pictured) secures 700 orders before a public debut The new Lamborghini Huracan – the long-awaited replacement for the Lamborghini Gallardo – was revealed just before Christmas and has been doing a tour of private reveals to Lamborghini faithful around the world. Those private presentations look like they’ve been quite a success, with Lamborghini reporting 700 secured orders for the Huracan already – half the average annual orders of the Gallardo in just a month – before it’s even been publicly revealed. With styling that owes more than a passing nod to the Aventador, 602bhp from its 5.2 litre V10 and 4WD, the Huracan is an appealing mid-engined supercar from Lamborghini, especially has Lamborghini seem to have worked hard to increase the quality of construction and materials used.