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.

GM stops works on electric version of Opel Adam

Work has stopped on a planned electric version of the Opel Adam minicar due to high costs. The project had progressed to the development of a working car using technology from the upcoming Chevrolet Spark EV minicar. "It was a business decision," said Dieter Metz, Opel's chief engineer for the Adam.

Chinese Grand Prix qualifying: Hamilton takes pole for Mercedes

Lewis Hamilton has grabbed his first pole position for Mercedes for tomorrow’s Chinese Grand Prix, with team mate Nico Rosberg in fourth putting second place Kimi Raikkonen in the Lotus and third place Fernando Alonso in the Ferrari in a Mercedes sandwich. Felipe Massa takes fifth in the second Ferrari and Grosjean sixth in the second Lotus with the Toro Rosso of Ricciardo in seventh, but it’s behind that the things get more interesting, especially in a race context. Behind the leading seven are Jenson Button in the McLaren and Sebastian Vettel in the Red Bull, but both are on different strategies to the rest of the leaders and will start tomorrow’s race on the medium tyres they used for final qualifying instead of the soft tyres.