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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
Ferrari 458 Italia (2010) – the official videos
Wed, 29 Jul 2009By Tim Pollard First Official Pictures 29 July 2009 09:58 Yesterday we brought you the first official pictures of the new Ferrari 458 Italia. Today we bring you 458 Italia video footage inside the cabin of Ferrari’s new V8 and a short clip of it being driven on track. The new 4.5-litre V8 Italia will be launched in the UK in spring 2010 and is likely to wear a price tag somewhere between the outgoing F430 (£140k) and the Scuderia (£170k).
Facelifted Lexus CT200h at 2013 Guangzhou show
Tue, 12 Nov 2013Next week is already daft enough, what with the 2013 Tokyo and Los Angeles Motor Shows kicking off on the same day – Wednesday 20 November. Now it turns out there’s a third motor show happening at the same time, the 2013 Guangzhou Motor Show in China. And for some reason, Lexus has chosen Guangzhou to debut the revised CT200h hybrid hatchback.