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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.

Chrysler introduces 300 Glacier to tackle winter weather

Between Jeep, Mopar and Dr. Dre, Chrysler makes more special editions than Nike makes Air Force Ones. Immediately following the announcement of the Chrysler 300S Turbine that we saw at the Detroit auto show, the company announced a new edition of the 300 sedan called the Glacier.

Aston Martin One-77 supercar (2009): first official picture

By Ben Pulman First Official Pictures 08 August 2008 00:01 This is Aston Martin’s new One-77, an ultra-exclusive £1.2m supercar-cum-work-of-art. A maximum 77 of these bespoke creations will be produced, hence the name, each one underpinned by an all-new carbonfibre chassis that supports a 7.0-litre V12 and handcrafted aluminium bodywork. One-77 is merely the project’s working title – the fastest, most exclusive Aston supercar ever will have a snappier name by 2009, when deliveries begin.