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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).

Vauxhall Astra (2009): the first sketches

By Tim Pollard First Official Pictures 08 September 2008 09:00 Vauxhall has just issued these first official sketches of the new Astra ahead of its launch in 2009 at next year's Frankfurt motor show. Although heavily silhouetted, we can make out an evolution of today's mid-sized hatchback. This sketch is of the coupe-style three-door Astra, but there will again be a more upright five-door and indeed a whole suite of other Astras to fit every pocket.

Fiat to build a 'baby' Jeep, Fiat derivative in Italy

Fiat will build a "baby" Jeep in Italy to sell in Europe and possibly also the United States, two company sources told Automotive News Europe. The new Jeep will be smaller than the Patriot and Compass. The model will be produced in Fiat's home plant of Mirafiori in Turin, alongside a similar vehicle for the Fiat brand that will replace the Sedici and an Alfa Romeo subcompact car for sale in Europe and North America.