Gates Corporation 21194 on 2040-parts.com

GM files plan for stock offering

General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.

Report Claims Pothole Repair Blackhole Is £12bn

FIGURES from the Asphalt Industry Alliance (AIA) have revealed the extent of the nation’s pothole crisis, with a report claiming the "catch-up" cost of getting roads back into reasonable a condition has soared to £12 billion. The total is an increase on the £10.5 billion figure reported last year, and remains high despite more than two million potholes being filled in England and Wales over the last 12 months. This was despite a 20% decrease in the shortfall in annual road maintenance budgets reported by local authorities, with the shortfall reducing from an average of £6.2 million to £5.1 million per authority in England.

CAR tech: why Porsche needs hybrids

At the launch of the 997-generation 911 Turbo in 2006, Porsche faced a daunting future. Anti-car chatter from EU legislators proposed banning anything that produced more than 241g/km of CO2 and exceeded 101mph. ‘We’ll have to close if the European Commission decides that every carmaker must reach [these targets],’ a Porsche exec told CAR.