Cycle-am Rear Fender P.#n/a 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.

Project Car Hell, Unidentifiable German Coupes Edition: Borgward Isabella Coup

Welcome back to Project Car Hell, where every iron atom always finds the oxygen it seeks, every vehicle ran when parked, and the parts you need are always in another continent! Last week, we got all patriotic with a couple of classic American muscle cars, and that just whetted our appetite for cars that were smaller and more, you know, German. We gave you a tough choice between a couple of air-cooled Volkswagens not long ago, but this time we're interested in German marques that disappeared in the 1960s: NSU and Borgward.

Lexus LF-LC Blue concept unveiled in Australia

Lexus has unveiled a new take on the LF-LC concept—dubbed the LF-LC Blue—at the Australian motor show. The LF-LC Blue builds on the dramatic LF-LC coupe concept that debuted at the 2012 Detroit auto show, featuring the same wildly sculpted aluminum and carbon-fiber body. Lexus is calling concept's color Opal blue, a reference to the iridescent gemstones found in Australia.