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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
BMW M5 hits the beach at Pendine Sands (video)
Wed, 14 Dec 2011BMW M5 playing on Pendine Sands BMW has taken the new M5 to Pendine Sands in Wales to kick up some sand and promote the 2012 London Olympics. Regular Top Gear watchers will be all too aware that Pendine Sands in Wales offers some spectacular driving prospects. Or at least it does if you have a couple of willing chaps with spades and a Range Rover ready to dig you out when you inevitably get stuck.
Ford Ka (2009): more photos and details
Mon, 08 Sep 2008By Tim Pollard First Official Pictures 08 September 2008 17:40 Ford has issued more details and photographs of its Ka city car, the Blue Oval's twin of the cutesy Fiat 500. The new Ka will – for the first time – be available as a diesel in the shape of the 74bhp 1.3-litre TDCI model, which can muster a very sensible 67.2mpg on the combined cycle. But don't forget that few 'mini buyers pick diesel in the UK; an oil-burning city car's price premium appears larger and economy gains smaller when compared with bigger cars, making diesel babies like hens' teeth.