Ferrari supercars

By Tim Pollard 29 July 2008 09:00 Say 'supercar' and the man in the street thinks of Ferrari. Eponymous founding father Enzo set up in Modena in 1929 as the Scuderia race team, and it wasn't unitl 1947 that the first road cars appeared. Since then, virtually every model has come to define the contemporary supercar, although there have been some duds along the way too.

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.

Aptera's 2e shells get junked by employees, video shows

Update: Aptera denies that these videos are in response to the closing of the brand, as previously reported, and states that they were filmed in May destroying prototypes that were bound for the crusher anyway. Automotive startup Aptera Motors closed its doors on Dec. 2 after it ran out of money.