Terrova Trolling Motor 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.

Classic Porsche models take on Laguna Seca at the Rennsport Reunion IV

Classic Porsche 550s will take on 550As, 356 GTs and RSKs at the fourth Rennsport Reunion on Oct. 14-16 at Mazda Raceway Laguna Seca in Monterey, Calif.--and that's just one class of Porsches. The reunion of Porsches and their famous drivers moves to the West Coast this year after two previous meetings at Daytona International Speedway and one at Lime Rock Park in Connecticut.

Mazda Kazamai preview

As we reported in June, Mazda has now confirmed it will unveil a compact crossover vehicle concept at the Moscow International Automobile Salon on 26 August. Called the Kazamai, which means "swirling crosswinds" in Japanese, the new vehicle is the sixth concept to employ Mazda's evolving 'Nagare' design language. The car's lines, inspired by crosswinds in nature, are claimed to evoke visual lightness, while its aerodynamic proportions accentuated by its bold front wheelarches and sleek roof line gives the design an emotional appeal.