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GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Autoweek's top 12 videos of 2012

Well, 2012 is over, we've watched the ball drop and made our New Year's resolutions. Before we venture into 2013 it's time to put a bow on 2012 with our top 12 videos of the year. Porsche Boxster S review Natalie Neff reviews the Porsche Boxster S at Michigan International Speedway, 15 years after its original release.

Hyundai's record year – can it continue? (2013)

Hyundai’s metamorphosis is complete – it’s now one of the ten most popular car brands in the UK, and the first Korean manufacturer ever to crack into the Premier League of UK car buying habits. Sales in 2012 soared by 18.1% to 74,000 units, while its Kia sister brand scored 66,000 registrations last year, according to the new SMMT figures out this week. The Korean double-act isn’t just a thorn in the side of the established French mainstream brands: it’s killing them off completely.