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GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

Sync adds audible navigation, information services

Ford Motor Co. and Microsoft Corp. are adding navigation and information features to their Sync system in an effort to stay ahead of rivals' telematics offerings.

BMW X3 (2010): first official pictures of the baby X5

By Tim Pollard First Official Pictures 15 July 2010 00:01 These are the first official pictures of the new 2010 BMW X3. At first glance, it's a shrunken X5 and looks smarter and larger than the outgoing, first-generation X3 which never quite lived up to its promise. It's all change with the new X3 in more ways than one.