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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
Z-Party: Nissan marks 40 years of sports-car fun
Fri, 30 Jul 2010It's one of the most iconic names in the auto world: The Z car. No matter the number--240, 350, 370--that singular letter rings true with enthusiasts. And the style, power and pure fun of Nissan's famous sports car are being celebrated this week around Nashville.
VW Passat R-Line introduced
Mon, 18 May 2009The VW Passat R-Line introduced in the new Passat range But the Passat R-Line (which will be available in both saloon and estate versions) is not really an addition to the Passat range, rather a re-working of the current model options. The Passat Sport and Passat SEL are dropped, and the new range now comprises S, R-Line and Highline. But, just as with the Tiguan R-Line, this is not a power upgrade but merely a cosmetic one.
