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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.

New Mercedes A Class advert with no mention of Mercedes – or A Class

Mercedes-Benz are launching an advert campaign for the new Mercedes A Class that features just an image and the hashtag – #NewGeneration. Traditional advertising dictates that you need to get your brand front and centre and end with strapline that states what’s on offer. But Mercedes are going a different route with the New A Class.

Volkswagen Cross Coupé: VW compact hybrid SUV Concept at Tokyo

Volkswagen Cross Coupé Concept at Tokyo Volkswagen to debut the VW Cross Coupe Concept at the Tokyo Motor Show, a compact hybrid SUV that’s smaller than a Tiguan and bigger than a golf. Volkswagen are taking the VW Cross Coupe to the Tokyo Motor Show this week, and it looks a bit like they’ve taken inspiration for their new car from every successful current car niche, in the hope the cross coupe will strike a chord with buyers. From the name – which VW used for the concept version of the Q3 – to a bit of SUV, a small dose of swoopy coupe all wrapped up in a crossover, the Cross Coupe appears to be conceived to be all things to all car buyers.