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Pininfarina could produce Sergio concept
Mon, 18 Mar 2013Pininfarina may produce a few examples of the Sergio concept we saw at the Geneva motor show for a few well-heeled buyers with about $3.9 million in liquid assets. “We are considering a very limited run of five to six units," Pininfarina CEO Silvio Angori told Automotive News Europe. The Sergio is based on the Ferrari 458 Italia, and uses the same drivetrain including the 562-hp V8 and seven-speed dual-clutch transmission.
Porsche Cayenne GTS (2012) first official pictures
Tue, 10 Apr 2012For those who prefer to take their sporting SUV strictly turbo-free, Porsche has unveiled the racier GTS variant of its benchmark Cayenne. Weighing in at a hefty £67,147 before you've tackled the infamous Porsche options list, the Cayenne GTS lands in UK showrooms in July 2012. Porsche Cayenne GTS: what's special about it?
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.