Polaris Headlight Bulb 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.

2012 Audi A6 Avant arrives

The new Audi A6 Avant arrives It’s a strange thing, but we find the Avant version of the Audi A6 somehow more appealing than the regular saloon. It shouldn’t be so; surely the Estate is the utilitarian option? But there’s something hugely appealing about a load lugger that can offer real saloon car levels of comfort and handling (and even barking mad performance in the RS6 Avant).

Mitsubishi Outlander Plug-in Hybrid EV (PHEV): Details ahead of Paris debut

Mitsubishi has revealed more details on the plug-in hybrid electric Outlander ahead of a debut at the Paris Motor Show. Mitsubishi has been threatening a hybrid version of the Outlander for a few years (we had the  PX-MiEV at the Tokyo Motor Show in 2009 and the PX-MiEV II at last year’s Tokyo Show), but the real production deal – the Mitsubishi Outlander PHEV – arrives at Paris. Now, with a public debut imminent, and full production and deliveries planned for 2013, Mitsubishi has revealed more details of their plug-in hybrid as they try to make their reputation for tough off-roaders and bonkers performance cars a bit more fluffy-bunny.