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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).

L’argus Student Competition 2009

French magazine L'argus de l'automobile has announced the winners of its seventh Student Competition Awards, themed ‘Automobile Design for Social Utility'. Open to students studying design within the European Union and Switzerland, the competition culminated at a recent awards ceremony at the Eiffel Tower. The first prize of €3000 and an internship at Renault's Technocentre in Guyancourt (near Paris) went to Damien Grossemy, Thibaut Dereymacker and Maxime Dimarco from the Institut Supérieur de Design in Valenciennes, France.

New Mercedes S Class to use Maybach badge on top models?

Will the top-end Mercedes S-Class models get the Maybach badge? (S63 AMG pictured) Having tried to bring the Maybach badge back from the history books and build a car to compete with Rolls Royce, Mercedes finally admitted it hadn’t worked last year and called time on their Maybach adventure. But having spent untold millions on reviving the Maybach name – and giving it public awareness – it seems Mercedes may not be prepared to shelve the Maybach name completely as there seem to be plans afoot to badge the extra long Mercede S Class with the Maybach badge.