Level-o-gauge By Sun Company Wheat Ridge, Co on 2040-parts.com

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.

Ford Mustang RTR knocks on the door of the Boss 302

As customers continue to throw handfuls of dollars at Ford to get their hands on the Mustang Boss 302, the popularity of that car might leave some discerning Blue Oval buyers wanting something more unique. Enter Vaughn Gittin Jr., world champion drifter and Mustang fan, with his vision for the perfect 'Stang—the RTR. Designing and building the 2013 Ford Mustang RTR was a combined effort among Gittin Jr., Ford and Classic Design Concepts.

Barrett-Jackson welcomes Lincoln for the first time

For the first time in the company's 96-year history, Lincoln Motor Co. will participate in the Barrett-Jackson auction at the South Florida Fairgrounds. The entire 2014 Lincoln lineup will be on display at the event, and some will be available for attendees to use in an exclusive driving experience.