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Lancia postpones UK launch

By James Foxall Motor Industry 11 April 2008 16:02 Lancia has postponed its return to the UK by nearly a year. The company had planned a glitzy British launch at the end of summer 2008, spearheaded by the all-new Audi A3 rivalling Delta (pictured) that was unveiled at March’s Geneva motor show.The comeback has now been rescheduled for summer 2009. Sources cited two major reasons for the delay.

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.

War of the greens as Leaf gives Volt a shock

By Freddie Fulton Motor Industry 13 August 2009 10:31 The Chevrolet Volt was gunning to be the ‘first mass-produced car with a triple-digit fuel economy,’ according to General Motors CEO Fritz Henderson. Earlier this week he announced the US’s Environmental Protection Agency (EPA) would rate the new Chevy Volt as capable of 230mpg on the open road. The Nissan Leaf EV has picked a bone with the Volt.