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New BMW Zagato Concept teased for Pebble Beach

A surprise new BMW Zagato Roadster Concept is teased ahead of a debut at Pebble Beach later this month. Following on from the BMW Zagato Coupe we saw at Villa D’Este earlier this year, BMW are now teasing what appears to be a Roadster version ahead of a debut at Pebble Beach later this month. A one-off collaboration between BMW and Zagato at Villa D’Este is one thing, but to follow that up a few months later with a Roadster version makes us think the protestations that the Villa D’Este car was a one-off were a tad disingenuous.

July Debut For Citroen’s New C1 City Car

THE BATTLE for hearts and minds in the city has just got hotter with the launch of Citroen’s second generation C1 urban runabout. Although the diminutive French hatch shares much with its Peugeot 108 and Toyota Aygo stablemates, the C1’s bold new exterior look shares more with recent arrivals such as the firm’s new Picasso people carrier. On sale in July, UK buyers will be able to choose from three trim levels with prices ranging from £8,245 for the entry-level Touch to £11,935 for the range-topping Flair.

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.