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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.

Concept Car of the Week: Dodge Deora (1967)

Half concept car, half custom but all awesome, the Dodge Deora was designed by former GM designer Harry Bentley Bradley for the famous car customizers the Alexander brothers who wanted to build a radical custom truck using one of the Big Three's new cabover mini-pickups. They relied on Bradley's futuristic drawings to seduce Chrysler who eventually agreed to provide a stripped down A100 truck for them to customize although the final design shares almost nothing with the original donor car. The cabin was radically chopped and integrated into the rest of the body and – after its suspension was also lowered – the overall height of the Deora was reduced by a whopping 380mm.

2013 Range Rover: Is this the end of ‘Real’ Land Rovers?

The new Range Rover is finally here, but does its arrival herald the end of Land Rover as we know it? We’ve seen pictures of the long-overdue new Range Rover and fans of the brand will surely have breathed a sigh of relief when they clapped eyes on it. Well, certain fans will have.