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D-day for General Motors: GM files for bankruptcy

By Tim Pollard Motor Industry 02 June 2009 06:57 General Motors today faces the humiliation of collapsing into bankruptcy. It marks the 1 June deadline imposed by US president Barack Obama for the General to sort out its business – or seek protection from creditors in the bankruptcy courts. As we’re all too painfully aware, GM has been unable to perform miracles, triggering one of the greatest industrial collapses seen in American corporate history.

BMW Zagato coupe bows at Lake Como

Italian flair, German precision and a somewhat sobering dose of reality—that's the ethos behind the striking BMW Zagato coupe revealed on Friday at the glamorous Concorso d'Eleganza Villa d'Este on the shores of Lake Como in Italy. The one-off coupe features elegant, sporty styling that blends traditional elements from both BMW and Zagato, which each have long histories of working with partners to produce impressive cars. But, this coupe is more than just a design exercise.

Former Fiat exec will revive iconic De Tomaso sports-car brand

Italian businessman Gian Mario Rossignolo plans to revive the De Tomaso sports car brand. The former Fiat S.p.A marketing executive aims to build 8,000 De Tomaso cars a year in a former Pininfarina S.p.A. factory near Turin.