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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 Pickup concept (2008): first official photos

By Chris Chilton First Official Pictures 24 September 2008 18:00 He’s designed Alfa Romeos, Audis and even a Lamborghini but now Walter de'Silva has gone all humanitarian and designed a pick-up.  VW’s first small flatbed since the Mk1 Golf-based Caddy will take on trucks like the Toyota Hilux and Mitusbishi L200 when it goes on sale late in 2009. It is, but not for long. This thinly veiled concept, called simply Pickup Concept, has been designed as a search and rescue vehicle for coastguards but essentially this is what badge-conscious UK builders will be driving in 2009. The new Volkswagen corporate face with its monobrow top grille and wide mouth is likely to be carried over mostly unchanged to the cars that will roll off the South African production line, as will the surprisingly stylish interior which features hooded instruments and Audi TT-style air vents. Mechanical details are sketchy but Volkswagen claims that engines will be common-rail diesels which rules out the old-tech 2.5 five pot that powers many of VW’s current commercials.

Land Rover Range-e plug-in diesel hybrid grabs SMMT Award

Land Rover Range-e wins SMMT Award Just like every other car maker in the world, Jaguar Land Rover are flirting with and developing hybrid powerplants to keep the government-targeted economy and CO2 levels in check, even though neither Jaguar or Land Rover are close to actually launching a hybrid. In fact, Jaguar recently said that 4WD was the next ambition for their cars – not hybrids – and we won’t see a hybrid from Land Rover until the next wave of Land Rover models start to hit the road in 2013. And even then, any hybrid powerplant is likely to be well after initial launch.