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.

VW Touareg BlueMotion Hybrid for Detroit

VW are revealing the 2010 Touareg at the Detroit Motor Show including a BlueMotion Hybrid VW are taking the whole ‘Eco’ game seriously. They are rolling out ‘BlueMotion’ versions of cars across the range at regular intervals, the most recent being the sub 100g/km Golf BlueMotion. But most of these are tweaks to the suspension, aerodynamics and ECU of existing diesels to coax the best returns on emissions and economy.

U.S. will honor clunker rebates until Senate acts, DOT chief says

The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today. He said the administration would honor dealer rebate applications filed at least through Tuesday, Aug.