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London motor show roll call of shame

By Tim Pollard Motor Shows 25 June 2008 09:30 Time for a roll call of shame. Not every manufacturer will be at the 2008 London motor show and here we spill the beans on the absentees. We called each car maker up and asked them to justify their decision to snub London.

Jeep uncovers the 2012 Grand Cherokee SRT8 packing 465 hp

Following a one-year hiatus, Jeep is returning the fire-breathing Grand Cherokee SRT8 to the lineup for 2012, which made its world debut at the New York Auto Show. Central to the changes is a new 6.4-liter Hemi V8 engine producing 465 hp and 465 lb-ft of torque--a 45-hp and 45-lb-ft improvement over the outgoing 6.1-liter unit. Jeep says the SRT8 is good to hit 60 mph in 4.8 seconds, cover the quarter-mile in the mid-13-second range and reach a top speed of 155 mph.

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.