Silverado 2" Drop Springs Front Lowering Kit 2014 Single Cab 1500 6 Lug Truck 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.

Arrest made in Paul Walker Porsche parts theft

An arrest has been made in an apparent theft of a piece of the destroyed Porsche Carrera GT involved in a Saturday crash in California that killed actor Paul Walker, CNN is reporting. A number of cars had reportedly followed the tow truck that was transporting the wreckage to a police facility. When the truck stopped at a red light, the occupant of one of the vehicles, alleged to be 18-year-old Jameson Witty, ran up to the truck and retrieved a piece of the wreckage, a T-top roof panel of the red Carrera GT, He later posted a photo of it on Instagram.

BMW and Toyota plan engine-swap deal, reports say

Details have begun to emerge about a planned engine-swap deal between BMW and Toyota. Set to be made public at the Tokyo motor show this week, the cooperation is said to center on BMW supplying Toyota with four- and six-cylinder common-rail diesel engines for use in a wide range of models. In return, Toyota plans to provide BMW with technology used to combine combustion engines and electric motors in various hybrid applications.