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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.

Peugeot 3008 (2009): first pictures

By Ben Pulman First Official Pictures 15 January 2009 09:59 These are the first pictures of the Peugeot 3008 crossover, just released by the French manufacturer. It looks almost identical to the Prologue Hybrid 4 concept unveiled at the 2008 Paris motor show and, significantly, the production 3008 will be Peugeot’s first hybrid vehicle. It also features a head-up display and a Land Rover Terrain Response-rivalling Grip Control system.

Poll: Would you buy a Subaru Liberty Exiga station wagon?

Last week, we asked you if you'd be interested in buying a Hyundai i20, a hatch even smaller than the Accent hatchback currently sold in the U.S. market. An overwhelming 84 percent of our readers said that they would be interested in the i20 if it were available here, perhaps attracted by the 73-mpg combined rating of its fuel-sipping 1.1-liter three-cylinder diesel and its $10,755 base price.