Cardone Industries 72-2155 Remanufactured Electronic Control Unit on 2040-parts.com

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.

Mercedes GLA goes subterranean

FOR SUV owners looking to test their cars’ off-road credentials, the obvious place to put them to the test probably isn’t nearly 200 metres underground. But that’s exactly where the new Mercedes GLA found itself as it descended into Winsford Rock Salt Mine, 620 feet beneath the Cheshire countryside. The working mine, which supplies much of the UK’s gritting salt for wintry roads, played host to four standard (apart from extra driving lights) GLA models, which were lowered down into the mine nose first before being let loose in the 130-mile network of tunnels.

Ford recalls minivans, SUV

Ford is recalling nearly half a million vehicles to fix defects that can cause fires or loss of power. About 205,800 copies of the Ford Freestar and Mercury Monterey minivan from the 2004 and 2005 model years are being recalled, because torque-converter output shafts in the transaxle might fail and cause power loss. Ford is also recalling 244,530 Escape SUVs from the 2001 and 2002 model years, which might have brake-fluid leaks that can cause corrosion and fire.