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

GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

De Tomaso Deauville production off to China

De Tomaso Deauville - off to China Gian Mario Rossignolo’s De Tomaso has been struggling to get up and running, and now they’ve sold De Tomaso Deauville production to China. If there’s been one constant in the history of De Tomaso, it’s been a lack of money. And despite former Fiat exec Gian Mario Rossignolo’s takeover of the De Tomaso brand from the liquidators last year, it seems nothing much has changed.

Kia Pro_Cee’d GT & Cee’d GT to get 201bhp

Kia has revealed that their warmed over hatch will come as both a 3-door Kia Pro_Cee’d GT and 5-door Kia Cee’d GT, both with a 201bhp turbo. Last week we revealed that the Kia Pro_Cee’d GT is on its way in 2013 with a version of the 1.6 litre turbo found in the Hyundai Veloster Turbo, and upset Kia ion the process. We upset Kia because we got the news a day ahead of their intended release and stole a bit of their thunder, but Kia are back with more news on the Cee’d to add to last week’s news, and this time they beat us to the latest news on their more sporty offerings.