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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.

Nissan debuts Sport Sedan Concept at Detroit auto show

Nissan introduced the Sport Sedan Concept to go along with its IDx twins at the Detroit auto show on Monday. The company says the sleek four-door embodies the next-generation design cues, including the V-Motion front end, floating roof and boomerang headlights. “The Sport Sedan Concept shows a new, highly emotional and energetic design direction that takes Nissan's approach of applying sports-car principles to a sedan to the next level,” said Nissan vice president Shiro Nakamura.

Toyota Hydrogen Fuel Cell will launch in 2015: OFFICIAL

The Toyota FCV (pictured) previews Toyota’s 2015 production FCEV Toyota took the lead with hybrid technology a decade ago, and that’s gone from an expensive punt on new technology to a mainstay of Toyota production, with approaching 15 per cent of Toyotas now sold offering some degree of hybrid technology. Now, Toyota is about to take another expensive punt on new technology, this time with the launch of a hydrogen fuel cell car in Japan, the USA and Europe in 2015. The numbers won’t be huge, but they will be significant.