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Kia preparing a range of sporting models

Kia is quietly readying a string of sportier models to pep up its humdrum image, CAR has learned. The burgeoning sports car plan is likely to sire everything from hot hatches to standalone sports cars. On our trip to Korea this week, sources at Kia HQ confirmed a range of performance models, designed to mix some excitement into a brand that now commands respect from mainstream buyers after its crawl upmarket to the volume market alongside Europe's mass-market brands.

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.

Tesla guarantee future value of Model S in finance deal

Tesla guarantee future value of Model S (pictured) in finance deal If you run a company car – and you’re comfortably off – there’s a lot to commend the Tesla Model S. But if you’re a comfortably off private buyer who doesn’t quite get the tax breaks on a car a company car driver does, Tesla still want to make you an offer you can’t refuse. Teaming up with Alphera Financial Services (which just happens to be owned by BMW), Tesla are offering an appealing deal on the Model S, and guaranteeing its future value too.