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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).

Zagato to pursue Scagliarini over Fiat 500 design rip-off.

Fiat 500 by Zagato and by Scagliarini Earlier this week we had an email pop in to tell us all about a customised Fiat 500 put together by U.S. tuners Scagliarini Motorsports. Which looked interesting, and we assumed it was done in collaboration with Zagato.

Alfa Romeo MiTo Quadrifoglio Verde at Frankfurt

Alfa will be bringing the 170bhp Alfa Romeo MiTo Quadrifoglio Verde to Frankfurt Alfa Romeo has revealed that they’ll be bringing the  MiTo Quadrifoglio Verde (MiTo four leaf clover) to the Frankfurt Motor Show next week, featuring a 170bhp Multiair engine as we reported back in June (goodness, we’re ahead of the game sometimes!). The ‘Quadrifoglio’ bit refers back to Alfa’s racing history, and was the emblem used on those cars and was most recently seen on special editions of the Alf GT and 147. But the biggest news, apart from the extras and the paint job, is the clever Multiair system that Alfa is busy introducing.