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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).

VW Beetle Final Edition (2010) at LA

The 2010 VW Final Edition revealed at the LA Amotor Show There is really only one place that holds a torch for the Volkswagen Beetle, and that’s the USA. So it’s entirely appropriate the VW chose the LA Motor Show to launch what will be the last version of the Beetle before an all new Beetle arrives in 2012. The Final Edition Beetle marks eleven years of almost unchanged production for a less than convincing recreation of a motoring icon.

Fiat gets naughty, supposedly, with the 500 Cattiva special editions

Monterey car week is the perfect time for automakers to launch new concepts and debut special edition vehicles. But it's usually the big names in the luxury/performance world -- the heavy hitters, if you will -- that show up and show off. Cadillac unveiled the Ciel concept a few years back, BMW featured a Zagato roadster in 2012 and the Porsche 918 concept used Pebble as a stage for its first North American appearance.