Moog K6187t Idler Arm 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.

Porsche reviews early years at Le Mans: Video

Porsche will make its return to the LMP1 class of the 24 Hours of Le Mans in 2014. To celebrate, it has released another teaser video that highlights the brand's history at the famous race from the early years. Porsche has more wins at Le Mans than any other manufacturer, including Audi.

Audi chairman to speak at CES

Audi chairman Rupert Stadler will be a keynote speaker on Jan. 6 at the 2011 Consumer Electronics Show (CES) in Las Vegas. The Consumers Electronics Association (CEA), host of the world’s largest tradeshow for consumer technology, will feature the Audi boss in a lineup along with Microsoft CEO Steve Ballmer, Verizon CEO Ivan Seidenberg and Samsung president Boo-Keun Yoo.