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Watch the 2015 Cadillac Escalade reveal live video

Meet the new 2015 Cadillac Escalade. Following up on last week's interior teaser shot, Cadillac is unveiling their newest luxury SUV at a soiree in New York City where designers are giving the full rundown on the next-generation Escalade. The show starts at 7:30 pm EDT.

Caterham news at 2009 Tokyo motor show

Caterham surprised Tokyo with the announcement that it will build its first electric sports car. The battery bullet will be either a full electric car or a hybrid and it'll be campaigned in a one-make series in 2011. 'It'll either be a bought-in full electric power pack or we'll buy in an electric hybrid pack and attach it to an existing Caterham engine,' Caterham CEO Ansar Ali told CAR.

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.