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Goodwood Festival of Speed 2012 in photos and on video

Lots of photos of the action at the Goodwood Festival of Speed 2012 and video of almost every supercar on show. This weekend has seen the Goodwood Festival of Speed weave its petrolhead goodness for the assembled throngs on the south coast, so we thought, especially for those that didn’t make it to car heaven, we should give you a taste of what you missed. So we have a big gallery of photos (and we’ll add more as they come in) of everything from classic cars to supercars.

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).

Smart ForTwo

First launched in 1998 as the MCC Smart City Coupe, the ForTwo has been redeveloped as it moves towards the North American market. Length has increased from 2.5m to just under 2.7m - for greater crash protection and more trunk space, which now stands at 340 liters when packed to the roof. Regulations have also seen the IP straightened out, though the prominent air vents remain.