Mercedes Benz E-class Rear Diffusor 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.

Japanese Grand Prix Qualifying: Webber takes pole for Red Bull

Japanese Grand Prix Qualifying: Webber takes pole for Red Bull It’s been a long time since Mark Webber took pole position in a Grand Prix, but luck was on the side of the seemingly perpetually unlucky Webber as a KERS problem took the edge of Vettel’s speed in Suzuka this morning. Webber ended up beating his team mate by 0.174 seconds to take his first pole of the 2013 F1 season and make this the first time he’s out qualified Vettel this year too. Behind the Red Bull pair, Lewis Hamilton took third place for Mercedes with Romain Grosjean giving Lotus a fourth place on the grid.

Mazda to launch hydrogen powered Wankel Range Extender EV

Mazda is to launch a range extender electronic car in 2013 with a range extender Wankel engine powered by hydrogen. Mazda are not having the easiest of times at the moment. They’re struggling to move the Wankel engine forward and are being crippled by the strength of the Yen.