Ingersol Rand Nascar Hat on 2040-parts.com

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).

Aston Martin to continue with V12 engine as well as new Mercedes AMG V8

Aston’s Flagship cars, like the Vanquish (pictured) will still offer the V12 engine Aston Martin has certainly been looking to the future with renewed optimism over the last year as a series of deals gave them a lifeline to remain competitive in an increasingly corporate car world. Extra funding came in thanks to the involvement of Investindustrial’s new stake in Aston Martin, and a deal has been done with Mercedes AMG to supply new V8 engines and electronic architecture. Not only that, but Aston Martin are developing a new platform for their future range of cars, with the biggest investment in Aston Martin’s history.

McLaren talks P13 Porsche 911 fighter

McLaren will take a stab at Porsche and Ferrari’s bread and butter segment in the upcoming years. Autocar reports -- after talking with chief executive Mike Flewitt -- that the company is building the a car, codenamed P13, which could be revealed in time for next year’s Geneva Motor Show. Autocar says it will sit below the 12C and well below the freshly driven P1.