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BMW 4 Series Coupe: Video
Mon, 17 Jun 2013The new 2014 BMW 4 Series (pictured) on video It seems to have taken a while for the BMW 4 Series – the replacement for the old 3 Series Coupe – to arrive – but now it’s here. Revealed last week, the 5 Series is a convincing take on a coupe version of the 3 Series, so convincing – and with more room in the back than before – that its seems likely it will take a bigger share of ’3 Series’ sales than the previous generation coupe. Not only is the overall package of the new 4 Series more convincing, so is the spec level.
New 2015 Volkswagen Passat detailed ahead of July reveal
Mon, 26 May 2014The 2015 VW Passat (pictured) is lighter and more economical The eighth generation Volkswagen Passat is detailed today by VW with design sketches and the news that the all-new Passat will lose 85kg in weight and get more economical engines. Due to be revealed in the metal in July – and debuting at the Paris Motor Show in October – the new Passat will go on sale before the end of 2014 with first deliveries in early 2015. Thanks to a weight loss of upt 85kg – achieved by using high-strength, hot-formed steel and aluminium in some areas – the new Passat will offer fuel efficiency improved by up to 20 per cent and, although the exterior dimensions of the new Passat are slightly smaller than the current model, the new Passat will offer more room for passengers and luggage.
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.