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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.

Corvette icon Duntov added to Bloomington Gold hall

Zora-Arkus Duntov, the first chief engineer for the Chevrolet Corvette, is among 10 people who will be added to the Bloomington Gold Corvettes USA's Great Hall next summer. The Great Hall is a form of hall of fame started by Bloomington Gold, an annual Corvette restoration and car show event that rewards cars for being maintained in original or factory-correct condition. The event is held in late June.

Michelin Challenge Design announces 2007 jury

The safety focus of this year's challenge requires designers to consider the vehicle's occupants as well as those who share the road traveling in other vehicles or as pedestrians. Entries will be evaluated for their accident-avoidance, occupant-protection and pedestrian-safety characteristics. Judges are also looking at the commercial viability and overall visual appeal of the work.