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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.

Land Rover builds one-off Defender Dive Centre

Land Rover has just built a one-off Defender truck for marine explorer and conservationist Monty Halls. A noted TV presenter and marine biologist, Halls has helmed several TV shows on BBC and Animal Planet. He is perhaps best known for his TV series called “Great Ocean Adventures,” his National Geographic specials, and his work on The Underwater Channel.

On display at the Petersen museum, the best of the worst!

They're so bad they're good, these cars, good enough to warrant a museum exhibit. Starting Feb. 28 and running through the end of September, the Petersen Automotive Museum in Los Angeles celebrates all that is good about bad car ideas in an exhibit titled "What Were They Thinking?" Sure, there are Edsels and Amphicars.