Nos 1959 Ford, Mercury, Edsel Trunk Latch...new In Box on 2040-parts.com

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.

Bentley Hybrid setup works across Bentley’s range of engines

You’ll be able to have a hybrid powertrain across Bentley’s range of engines With car makers increasingly hidebound by ever more stringent economy targets, even makers of the world’s most expensive, luxury cars are having to play ball. Which explains why Bentley has decided to go the hybrid route for their cars, with the debut of the Bentley Hybrid, a Mulsanne with the 6¾ litre V8 under the bonnet aided by an electric motor and a bank of batteries, at the Beijing Motor Show. It seems the Bentley hybrid solution – which is claimed to increase power by 25 per cent and improve emissions and economy by 70 per cent – is very similar to that used across the VW Group range, with an electric motor between the engine and transmission fed by a bank of batteries.

Retailers urged to cut fuel prices

FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.