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BMW and Toyota plan engine-swap deal, reports say
Mon, 28 Nov 2011Details have begun to emerge about a planned engine-swap deal between BMW and Toyota. Set to be made public at the Tokyo motor show this week, the cooperation is said to center on BMW supplying Toyota with four- and six-cylinder common-rail diesel engines for use in a wide range of models. In return, Toyota plans to provide BMW with technology used to combine combustion engines and electric motors in various hybrid applications.
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.
Galpin to debut 1,000-hp supercar at Pebble Beach
Thu, 25 Jul 2013Evidently, somebody at Galpin Auto Sports took a look at the dearly missed Ford GT -- there must have been one in their showroom -- and muttered out loud, "You know, this car just isn't rare or powerful enough." At that point, milk shot out of the nostrils of a bystander who had been standing within earshot. Seriously, 550 hp isn't cool. You know what's cool?