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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.

'Super salesman' calls time on 100,000-sale career

A SO-CALLED ‘super salesman’ is calling time on his career after notching up an incredible 100,000 car sales over half a century. Ken Searle, who works for Benfield Motor Group in the North East, started with British Leyland before moving to a new team selling Datsun cars when they first arrived in Britain. A proud Ken said: “I’ve loved every minute of my career and I wouldn’t have changed a thing.

Audi puts e-tron concept on the track in PlayStation game

Want a chance to drive Audi's e-tron concept car, the electric version of the R8 unveiled at the Frankfurt motor show? It will help to have a Sony PlayStation 3 console or to borrow a friend's. The e-tron will be added to the Audi Space in the online PlayStation Home universe in December.