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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).

BMW promises (even) more details on 7-series, Mini convertible soon

The BMW Group is promising us "detailed information" next week on the fifth-generation 7-series and the Mini convertible. What does that mean? Stay tuned.

Phones topple tailgating as most hated driving habit

THERE’S a new ‘hate’ at the top of drivers’ lists, after a study from Kwik Fit showed that using a phone at the wheel has overtaken the long-standing bad habit of tailgating. Talking or texting while driving is hated by 47% of drivers, according to the research; comfortably ahead of tailgating on 42%. It’s the first time that following too closely has been knocked off its seriously irritating perch in years.