Ford Distributor Fomoco 12127a B9af-12131-a on 2040-parts.com

Ferrari plans new club to help loyal owners buy limited-edition cars

Ferrari plans to create a collector's club to give loyal customers a better chance of owning one of the company's limited edition cars. The club likely will be open only to people who possess at least five Ferraris. The Italian supercar brand says there are about 300 collectors worldwide who own five or more Prancing Horse models.

Vauxhall Antara: Facelift and price cut

The facelifted Vauxhall Antara Hot on the heels of the 2011 Vauxhall Corsa facelift comes another Vauxhall facelift to graft the family nose on to the 2011 Vauxhall Antara. And it does look better for it. The front end of the Antara gets Vauxhall’s new grill with logo – just as the 2011 Corsa does – whilst the SE models sport a new set of fog lights.

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.