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UK car sales reach six-year high
Tue, 07 Jan 2014Ford New car sales have reached their highest level since 2007, says the Society for Motor Manufacturers and Traders (SMMT). Figures for 2013 show an increase in registrations of 10.8% compared with the previous year, to 2,264,737 - most of which was driven by growth in the private car market. Ford dominated the best-seller list, with the Fiesta and Focus winning 200,000 sales between them The UK market’s performance easily outstripped that of the European Union as a whole, with an increase of 9.9% for the 11 months to November compared with a drop of 2.7% for the EU region.
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.
One Lap of the Web: Senna's sweet go-kart
Fri, 16 May 2014-- Gran Turismo has always included some, uh, unique car choices for its video games. (Sure, the Patent-Motorwagen is significant, but hot-lapping the 1-hp horseless carriage in "Gran Turismo 4" wasn't exactly riveting, unless you used cheats.) So that's why Ayrton Senna's go-kart from the 1978 World Karting Championship should be interesting -- it's nowhere near as fast as his Lotus 97T, but it shows that "Gran Turismo" wasn't kidding when developers said they wanted fans to chart the entirety of Senna's life. Plus, if you make it go 352 mph you can finally stick it to Prost.