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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.

Autoweek in review: Lamborghini Egoista, Maserati Quattroporte and Ecclestone's bribery charge

Tesla's impressive first-quarter sales topped the news Monday, as the Model S outsold the luxury competition. Racing veteran Derrick Walker was also named IndyCar's president of competition and operations. Tuesday, details surrounding the Acura NSX emerged, and we took a look at the Lamborghini Egoista.

Smoking in cars containing children to be banned

SMOKING IN CARS in the presence of children is to be outlawed in England by the end of the year, Downing Street has signalled, after MPs voted overwhelmingly to make it a criminal offence. A No 10 source said Parliament had made its view clear and ministers are now looking at the practicalities of implementing the ban, with a view to getting it place before 2015. The Commons voted by 376 to 107 last night - a majority of 269 - to give the Health Secretary the power to impose a ban in England.