8 Presets Air Genie Air Suspension Control System Dune Buggy Late Model Vintage on 2040-parts.com

Gemballa MIG-U1: how to ruin your Ferrari Enzo

Gemballa is infamous for tweaking Porsches – it calls the process of producing 740bhp Cayennes ‘refining’ – but now the German tuner has turned is attention to Ferrari. And Uwe Gemballa and his team have started right at the top: the Gemballa MIG-U1 is actually a Ferrari Enzo. It’s Max Power for millionaires.  Power increases aren’t key here – instead it’s the new aero package that Gemballa is most proud of.

Volkswagen CrossBlue concept

Volkswagen has unveiled its new CrossBlue SUV concept at the North American International Auto Show in Detroit. Developed specifically for the North American market, if it makes it into production it will sit above the Tiguan and below the Touareg in the VW SUV range. The CrossBlue was designed in Germany under the leadership of VW Group's head of design Walter de'Silva and Klaus Bischoff, the VW Brand's head of design in close co-operation with Volkswagen of America.

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.