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2012 Audi A3 Debuts: Geneva 2012

New Audi A3 arrives at Geneva The all new Audi A3 has debuted at Geneva as a 3 door looking just like the current A3 – but it’s completely new. The 2012 Audi A3 has arrived at Geneva 2012, and it looks like the VW Group is starting to learn from Porsche’s designers; the new A3 is a new car but, unless you look hard, it could be the old A3. Sitting on a longer wheelbase than the current A3, which promises more room inside, and a bit wider too, the new A3 gets Audi’s square-cornered frill with large air intakes and the now familiar Audi headlights with LED running lights.

LENNON'S FIRST CAR UNDER THE HAMMER

THE FIRST car bought by John Lennon after he passed his driving test is being offered for sale at auction next month. The Ferrari 330 GT 2+2 Coupe was bought by the Beatle in 1965 and is expected to sell for between 120,000 euros (£99,987) and 170,000 euros (£141,000). Lennon's biographer, Philip Norman, described how car dealers descended on the singer's home when the news emerged that he had passed his test and offered him a "gleaming smorgasbord" of luxury cars.

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).