Maier 117332 1993-2006 Honda Trx300ex Rear Fender Honda Red 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).

VW to announce Italdesign takeover on Tuesday

Volkswagen will announce Tuesday that it will take a 90 percent stake in Italdesign Giugiaro S.p.A, people familiar with the matter told Automotive News Europe. The Giugiaro family will retain 10 percent in the Italian design house that is famous for styling cars such as the first-generation VW Golf. VW plans to acquire control of Italdesign to help reach its goal of becoming the world's largest automaker by 2018 with sales of 10 million vehicles a year.

Tesla Model S Performance is the quickest electric car…in the world

A Tesla Model S Performance has set a world record as the fastest production electric car with a 1/4 mile run of just 12.371 seconds. Yes, we still believe – certainly with the current and prospective battery technology – that the only real use an electric car has is as a small urban runaround or a local deliver vehicle. But that doesn’t stop us being impressed by the Tesla Model S.