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Show Review: EyesOn Design 2014
Tue, 17 Jun 2014The EyesOn Design show is an annual exhibition that celebrates automotive design excellence of the past, present and future. Held at the Edsel & Eleanor Ford House in Grosse Pointe Shores, MI, proceeds from the event help provide financial support for aid to the visually impaired through the Detroit Institute of Ophthalmology. EyesOn Design is a celebration of automotive design; a craft that leaves an indelible imprint on the world around us, and one that was explored across a host of exhibition categories at this year's event – most notably with cars from the movies and TV shows.
Koenisgesgg Agera R BLT impounded by China’s customs
Sat, 13 Oct 2012The one-off Koenigsegg Agera R BLT has been impounded by China’s customs officials as they believe it was being smuggled in to China. When we reported the Agera R BLT had been created, we also noted that it was already crated up and on its way to China for the delight and delectation of its new owner. Unfortunately, it looks like China’s Customs officers read the same news and were ready and waiting for the one-off Agera.
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.