Steering Column Bearing Fits 57-69 Models Nos Mopar 2126760 on 2040-parts.com

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).

Dany Bahar wants £6.7 million compensation from Lotus

The Dany Bahar saga at Lotus continues with Bahar claiming £6.7 million compensation for his firing as Lotus CEO. Back in May, ex-Ferrari man Dany Bahar was ousted as CEO of Lotus, confirmed a month later by Lotus parent DBR-Hicom who appointed Aslam Farikullah – an engineer, not a marketing man – to oversee a way forward for Lotus, and just last week Lotus put Bahar’s custom Esprit up for sale. But that appears not to be the end of dealings between DBR-Hicom and Bahar as Bahar has issued proceedings against his former employers seeking compensation of £6.7 million for wrongful dismissal.

BMW 4-Series Coupe concept [w/Gallery]

The BMW 4 Series Coupe concept will make its debut at next month's NAIAS in Detroit, when it will become the first model to wear the new 4er badge as it distances itself from the 3 Series sedan. While billed as a concept it is believed to be virtually production-ready. It offers little in the way of surprises in the wake of the F10 3 Series and larger 6 Series with traditional short front and long rear overhang proportions.