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Maserati Ghibli

Maserati has unveiled the first images of the 2013 Ghibli ahead of its official debut next week at the Shanghai Auto Show. While the Ghibli badge has previously been reserved for coupés – both Giugiaro's 1967 original and Gandini's Biturbo-based 1992 Ghibli II – this is a four-door sports sedan to sit below the larger Quattroporte revealed in January at the North American International Auto Show. It's the first time the carmaker has built a car for the E-segment since the 1994 Quattroporte IV and is set to challenge high end of the Mercedes E-Class and BMW 5-series in AMG and M5 guises respectively.

Porsche releases accessories for owners who want to upgrade

Porsche is making it possible for owners of older cars to add some modern- or classic-looking equipment. The classic look comes from the availability of 19-inch wheels styled to replicate the look of the Fuchs rims used on the 911 Sport Classic in 1966. The wheel's five spokes are painted black with a silver look to the outer rim and the Porsche logo in color on the wheel hub.

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).