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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).

New Mercedes A Class to get 99g/km Renault 1.5 litre dCi

New Mercedes A Class to get 99g/km Mercedes are to use a 1.5 litre diesel from Renault to create a 99g/km Mercedes A Class Blueefficiency. When the new Mercedes A Class was revealed at Geneva last week we got plenty of news about what the cracking new A Class has to offer, including the news that there would be a Mercedes first with the new A Class – a 99g/km option. At the time Mercedes gave us no detail, but its now appears that they are going to use a Renault-sourced 1.5 litre diesel as the basis for the new A Class Eco version – suitably Mercedes sorted.

Bench Racing: New crop of supercars

It's been a while since we've hypothetically raced a handful of cars around the office; long enough that an entirely new crop of supercars has arrived for us to chart, graph and dissect. Today we're zeroing in on the $1-$3 million price tag range, which fits the Ferrari LaFerrari, McLaren P1, Pagani Huayra and the Bugatti Veyron Super Sport. The first three fit neatly, pricewise, at about $1.3 million.