Polaris 7191501 Decal-hood Cntr 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.

McLaren SLR Edition revealed

McLaren SLR Edition A year ago – almost to the day – we reported that the very last McLaren SLR had rolled off the production line (well, production floor is more like it at McLaren) and that McLaren and Mercedes were going their own ways – McLaren with the McLaren MP4-12C and Mercedes with the Mercedes SLS AMG. The swansong for the SLR was the SLR Stirling Moss, an SLR dressed up like a silver arrow car from the 1930s, without a roof and only a vestigial windscreen. Or at least we we believed the Stirling Moss was the last SLR.

Porsche rejects BlueSport Concept

Porsche has rejected the BlueSport concept as a new entry-level Porsche The VW BlueSport concept debuted at the Detroit Motor Show in January, and offered the prospect of an economical, fun roadster from the VW group. But at the time VW made it clear that the car would have to work across three of its brands to be viable. VW are obviously up for the project, and Audi look likely to go along with BlueSport with the planned E2 Roadster.