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Scion future products: City car, sports coupe part of new direction

A new wave of Scion products could redefine a brand that has consisted of boxy hatchbacks and a lone sporty coupe. The launch of the iQ minicar reflects what executives call "the new urbanism" of young buyers. And the arrival of the FR-S rear-drive performance coupe will raise Scion's pricing, giving tC owners an aspirational vehicle.

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.

Aston Martin Vantage GT3 (2011) first official picture

This is the Aston Martin Vantage GT3. Created and developed by Aston Martin Racing, it's a GT3-spec racer based on the V12 Vantage road car, and it'll be ready to compete in the FIA GT3 series (and other GT3 events) in 2012. Which is exactly the same time that McLaren's MP4-12C GT3 racer will be ready...