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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.

BMW i3 EV: More than 8,000 ordered already

The BMW i3 EV already has 8k orders BMW has invested heavily in their new ‘i’ range of electric cars – as much as £2 billion it’s estimated – with the ‘i’ cars being developed from scratch rather than based on an existing BMW model. The first BMW i to be launched is the compact city car BMW i3, revealed in production form in July, which costs from around £30k for the regular EV and an extra 10 per cent for the i3 with a range extender engine. Despite being revealed in July BMW has not yet officially put the i3 on sale, but that hasn’t stopped potential buyers lining up to palce a reservation, with more than 8,000 already signed-up for an i3.

Metrocab Range Extender London Taxi looks a real contender (video)

Metrocab Range Extender London Taxi We’ve had lots of new competition for the traditional London Black Cab cropping up recently, with the Nissan NV200 Taxi and the Mercedes Vito Taxi heading the assault on the traditional black taxi market. Now we’re getting the Metrocab Range Extender Electric from Frazer Nash throwing its hat in to the ring as a contender for the market, and it does look to be a real contender. Looking familiar with styling that looks like a properly updated take on the traditional TX4 Black Cab, the Metrocab has been developed by Frazer Nash and Ecotive to be fully compliant with all the requirements of the London Public Carriage Office and offers a much more appealing option for cabbies and fares alike.