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GM, Ford roll out protection plans for car buyers

General Motors is following Hyundai and Ford in offering protection for car buyers who lose their jobs. A plan announced Tuesday morning called Total Confidence offers up to nine payments of up to $500 each if a car buyer loses his or her job in the first 24 months after the purchase. The plan covers loans and leases.

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).

Volkswagen E-Bugster

The Volkswagen E-Bugster concept is a show car preview of the upcoming Beetle cabriolet. The E-Bugster is essentially the same Beetle that debuted at the Shanghai Auto Show last year below its beltline but above it a more steeply raked and shallower windscreen determine its new character. This, in combination with the hard top fitted to the show car creates a silhouette 400mm lower than the standard car, giving it a hint of SoCal speedster.