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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.

Mercedes SLS AMG Gullwing Electric – Official

Mercedes has confirmed they are planning an SLS AMG eDrive for 2015 As we suggested the other day, it looks like this will be known as the Mercedes SLS AMG eDrive. It will feature an in-board electric motor for each wheel, generating the equivalent of  526bhp, which should give the SLS eDrive similar performance to its conventionally driven sibling. By putting a motor at each corner, Mercedes are effectively endowing the SLS eDrive with an intelligent four wheel drive system.

Ferrari video of the next Enzo's HY-KERS hybrid

Ferrari has issued video of its new HY-KERS hybrid system bound for the new Enzo successor due later in 2012. It mates a V12 petrol engine with a brace of electric motors - one to drive the car's ancillary systems like cooling and power assistance, and the larger one to drive the rear wheels. This teaser video doesn't give away any incredible performance figures, but it does afford a glimpse into Maranello's thinking for its new hypercar.