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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).

Tokyo Motor Show: Jaguar F-Type Coupe

HOT On the heels of the critically acclaimed F-Type Roadster, Jaguar has unveiled the hardtop version: the F-Type Coupe. Wowing audiences at both Los Angeles and Tokyo motor shows, the tin-top version of the British luxury car builder’s new model is expected to hit UK showrooms next March. The car, styled by long standing Jaguar design boss Ian Callum, gains the same V6 petrol motor as the Roadster, however there’s a tweaked V8 for the flagship F-Type R boasting a considerable 542bhp.

Concorso Italiano car show at Monterey Historics week 2013: in pictures

Every year as part of the Monterey Historics week there’s an Italian car gathering that’s grown to the point where it’s an international – unmissable – event. For 2013 the venue was the Laguna Seca Golf Ranch, just next to the race circuit – and what an incredible line up of cars there was. Alongside the predictable was the completely unpredictable.