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

Car clocking fraud on rise again

There could be as many as 486,000 vehicles with a false mileage on the road in the UK, according to vehicle history experts, HPI. The act of “clocking” a vehicle has been around for a number of years and is something that was made easier with the arrival of digital odometers. In the past, the mis-aligned digits and exposed screw heads meant that a clocked car was relatively easy to spot.

UK car production slumps, state help sought

By Digby Fullam Motor Industry 21 November 2008 14:30 The full effect of the downturn in the global economy is being felt by the UK motor industry, new figures out today reveal. Car production at British factories fell by 29.5% from October 2007's figure.  That makes it the worst October production figures since 1991 which, if you’ll cast your mind back, was the last recession. The Society of Motor Manufacturers and Traders blamed the slump on 'a rapid reduction in demand for motor vehicles.' It’s not just us Brits that aren’t buying cars, either.

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.