Daihatsu Move 1999 Right Fender Panel [9010600] 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.

Volvo S60 (2010): more details, photos, video

  Volvo is pitching the new S60 saloon as a far sportier drive than the old model, which ceased production a full year ago. The 2010-spec Volvo S60 remains a four-door saloon, although the Swedes are at pains to point out its coupéness, with a sweptback C-pillar and plunging roofline. It looks slippery and the drag coefficient stands at 0.28.If the company’s claims are anything to go by, the S60 could dramatically move the needle on our perceptions of the Volvo brand.

Mitsubishi upgrades the Outlander Sport

The base version of the 2014 Mitsubishi Outlander Sport will cost $19,470, not including destination. The Japanese company is touting the SUV as being American made due to its birthplace in the funnily named Normal, Illinois. All-wheel-drive models start at $22,070.