Lycoming Io-360-a1d Tt 725hr Tsmo 55hr Rajay Turbo 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).

Subaru XV gets another price cut – down by £2300 across the XV range

The Subaru XV (pictured) gets a price cut of £2,300 across the range Over a year ago, Subaru launched the new XV in the UK with a starting point of £21,995, Which was decent value for an able Crossover/SUV. But by May of 2013, Subaru had decided there was room to play with the XV’s price – or at least on the 1.6 litre petrol version – and they announced a £1300 price drop for the entry-level petrol XV. But now, just six weeks later, Subaru has decided that the weakening Yen has given them more room to manoeuvre on price and have announced they’re cutting prices across the whole XV range by £2300 (which actually means £1,000 off the new price for the 1.6 litre petrol).

Usain Bolt Gold Nissan GT-R eBay auction starts 22nd November 2012

A ‘Bolt Gold’ Nissan GT-R – painted gold to mark Usain Bolt’s Olympic success in 2012 – will be auctioned on eBay starting on 22nd November 2012. The Nissan GT-R ‘Bolt Gold’ is a one-off 2013 GT-R painted in the only colour appropriate for Usain St. Leo Bolt, and is being auctioned on eBay to raise funds for the Usain Bolt Foundation  - which supports educational and cultural opportunities for children in Jamaica – and will be specced for whatever country the auction winner wants to take delivery.