Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Audi welcomes Porsche back to Le Mans

Porsche is returning to the 24 Hours of Le Mans next weekend, and reigning champ Audi figured it would be nice to send a little welcoming committee to Stuttgart, Germany. The committee consisted of one driver in an R18 e-tron quattro LMP1 car. Keen eyes will notice the race car passing a red tractor, also a Porsche design.

Toyota FT-86 and Subaru BRZ to launch next month

Toyota FT-86 (pictured) & Subaru BRZ to debut at Tokyo The road from concept to reality has been a long one for the Toyota FT-86 and Subaru BRZ. But the wait is almost over for the Toyota/Subaru joint development, with production-ready versions of the FT-86 and BRZ planned for the Tokyo Motor Show next month. The aim was to produce a sporty, fun coupe for under £20k, and although that still seems to be the general consensus we wouldn’t be surprised to see the FT-86 come in at around £25k and the more powerful BRZ getting close to £30k when they actually arrive in 2012.