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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.

BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS

BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.

Megane Renaultsport 275 Trophy revealed

Meet the hottest Renaultsport Megane ever – the Megane Renaultsport 275 Trophy, which Renault hopes will eat the SEAT Leon Cupra for breakfast around the infamous Nurburgring test track. Packing, you guessed it, 275hp, the 275 Trophy has an extra 10hp over the standard Megane Renaultsport. Exact performance figures are still to be confirmed but Renault tells us the Trophy will return 37.7mpg, with peak power from its twin-turbocharged engine coming at 5,500rpm.