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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).

Mercedes GLA goes in to production in Germany

The Mercedes GLA (pictured) goes in to production The new Mercedes GLA – Mercedes’ latest spin-off from the A Class – arrived at the Frankfurt Motor Show in September as an urban SUV come Crossover, extending Mercedes reach in the premium compact sector with a serious competitor in the urban SUV market. With the growing fondness for high-riding cars – and something that’s a bit butch too – the SUV/Crossover take on the Mercedes A Class is a sound way to go and now, with production starting in Germany this week of the new GLA, Mercedes is getting close to having the GLA in customers’ hands. The first GLAs to get in to the hands of customers will probably be the GLA Edition 1 – a launch model with plenty of toys – but the model that will perhaps be most interesting is the GLA 45 AMG, with the promise of the same rufty-tufty compact SUV goodness as the rest of the range but with the 4WD platform and high performance 2.0 litre Turbo from the A 45 AMG.

Mitsubishi i MiEV Sport Air concept first pictures

By Ben Pulman First Official Pictures 26 January 2009 12:29 Mitsubishi will unveil this i MiEV Sport Air concept at the 2009 Geneva motor show, alongside a new eco-version of the facelifted Colt supermini. You have, sort of, at the 2007 Tokyo Auto Salon. There it was merely the i MiEV Sport, and to be green Mitsubishi has just recycled that concept and given it a removable glass roof fitted with solar panels.