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 S3 Saloon goes on sale in the UK – price from £33,240

The Audi S3 Saloon (pictured) is now on sale in the UK If you want a relatively compact pocket rocket, Audi has you covered with the S3. So far, we’ve had the regular S3 and S3 Sportback (and the S3 Cabriolet is on the way), but if you prefer your S3 in a standard four-door saloon guise, you’re in luck – the Audi S3 Saloon has arrived in the UK. With the same 296bhp 2.0 litre TFSI engine as its S3 siblings, the S3 saloon offers strong performance – 0-62mph in 4.9 seconds – and an official combined economy of 40.9mpg (which means emissions of 159g/km (if you opt for the S Tronic gearbox).

GM's ad spending nearly doubled in first half, Nielsen says

General Motors Co. nearly doubled its advertising spending in the first half of this year, leading a rebounding auto industry's marketing push, ad-monitoring company Nielsen Co. said.