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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

Porsche Panamera S E-Hybrid does 62mpg in the hands of motoring journalists

The Porsche Panamera S E-Hybrid – a Panamera with a plug-in hybrid powertrain – arrives last month, along with a 2013 facelift for the Panamera range , complete with claims from Porsche that it could do 91mpg. That was never going to happen in the real world, but Porsche has followed up its official economy figures with a degree of proof that the Panamera E-Hybrid can actually achieve very impressive economy numbers in the real world, and in the hands of motoring journalists – a group not renowned for their light touch on the throttle. At a press event in Hockenheim, Porsche let car journalists loose on the Panamera E-Hybrid for a total of 42 drives over a total distance of 750 miles and returned an average of 62mpg.

Jaguar XKR GT3 (2007): first news and photos

By Tim Pollard First Official Pictures 12 January 2007 10:26 Jaguar XKR GT3: the lowdown The Jaguar XK coupe has been sent on a course of steroids for its race-car transformation. The XKR GT3 was unveiled at the Autosport International Show and will compete in this season's FIA GT3 European Championship. It keeps the 4.2-litre supercharged V8 of the Jaguar XKR road car, but has been tuned to produce at least 475bhp in race trim.