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.

Tesla rolls out Model S hatchback, plans late 2011 start

Amidst thumping techno and inside his own rocket factory, Tesla founder and CEO Elon Musk pulled the cover off his much-anticipated second car onThursday. The Model S five-door hatchback will go into production in late 2011 at a rate of 20,000 per year. Prices will start at $49,900 for the base model, a price that assumes the $7,500 current Federal tax credit available.

Watch the Jaguar Project 7 F-Type go up the Goodwood hillcimb

Jaguar Project 7 F-Type (pictured) tackles the Goodwood FoS hillclimb One of the surprises of the 2013 Goodwood Festival of Speed has been the debut of the Jaguar Project 7 car, an F-Type with the more bountiful 542bhp supercharged V8 and styling stolen from the D-Type. Jaguar are saying Project 7 isn’t heading for production, but we’re pretty sure most of what’s underneath it – principally the 542bhp version of the supercahrged V8 – is in a production F-Type R. Perhaps surprisingly, fitting the 542bhp vresion of the V8 doesn’t seem to have done a lot for the F-Type’s sprint times, with 62mph coming up in 4.1 seconds, just 0.1 seconds quicker than the 495bhp engine in the standard Jaguar F-Type V8.