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Ford Escort returns – for China: Shanghai Motor Show

The Ford Escort Concept has been built by Ford with the aim of taking a sizeable chunk of China’s compact saloon market – estimated at 5.5 million sales a year – and looks remarkably production viable and far from ‘budget’. Escort is a badge China knows – there are plenty of old Escorts floating around Chinese roads – so it’s a sensible move by Ford to revive a badge that already resonates as a compact, affordable saloon with Chinese car buyers. This new Escort gets a proper version of Ford’s latest design language – including the Aston Martin grill – and has good lines and strong detail including jeweled headlights with the lucky Chinese ’8′ discernible ; it looks entirely cohesive and nothing like a Focus with a boot grafted on.

Nissan Leaf electric vehicle headed for U.S. market in 2010

Nissan has taken the wraps off its production-bound electric vehicle, named Leaf, that is plans to sell in Japan, the United States and Europe. The Leaf seats five and measures 175 inches long--about the same size as a Versa sedan. It uses an 80-kilowatt AC electric motor and draws from a laminated lithium-ion battery pack--the same type of batteries used by cellular telephones and laptop computers.

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).