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Lightning at the London motor show 2008

By Guy Bird and CAR reader reporter asp Motor Shows 24 July 2008 09:03 The previous GT revealed by the Lightning Car Company two years ago was a conventional 4.8 V8 petrol sports car but then the firm decided to start again from scratch and become a pure electric car brand. The result – claimed to be Britain's first all-electric sports car – was shown at London… What’s new on Lightning’s London motor show stand?The completely redesigned 2008 GT – only the windscreens are common – is a pure electric vehicle with a claimed 700bhp equivalent of power on tap. It’s a dream machine in every sense: 100 percent electric with four in-wheel motors, slick sports car styling, 0-60mph in under four seconds, a 180-mile range and claimed 10-minute recharge.

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.

Motorists Still Paying A High Price At The Pumps

THE LATEST report from the AA highlights the depressing fact that motorists continue to cough up when filling up at the pumps. According to the motoring organisation, average petrol prices at the pumps are staying "stubbornly above" 130p a litre despite discounts in many areas. While a number of fortunate motorists have been getting petrol for around 128p a litre of late, the average price nationwide is 130.46p a litre, the AA said.