Vertex Piston Kits - 22915c 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.

GMC Granite Concept at Detroit Motor Show

The GMC Granite Concept has previewed at the Detroit Motor Show We have to get used to US car makers coming up with cars that really don’t fit with the universal impression of a Yank-Tank. Times they are a changing’ and the US car industry is being dragged in to the 21st century. Latest Euro-Asian style offering comes in the form of a GMC.

1928 Mercedes 680S wins Best of Show at Pebble Beach Concours d'Elegance

A 1928 Mercedes-Benz 680S Saoutchik Torpedo finished in German Chassis gray has taken top honors at the 2012 Pebble Beach Concours d'Elegance. The car is owned by Paul Andrews of Fort Worth, Texas, and was restored by Paul Russell and Co. Andrews acquired the car in 2010 with the assistance of Gooding and Co.