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Peugeot 407 Coupe (2009) drops petrol engines

By Richard Webber First Official Pictures 10 July 2009 09:40 Peugeot has dropped petrol engines altogether from its gawping 407 Coupé and will only be offering oil-burners in the revised range. The reworked 2.0-litre unit improves in economy and power, but the big news is a new 3.0-litre V6, which will be Peugeot’s most powerful production engine ever. The V6 unit was a joint development by PSA and Ford, and produces 241bhp and a hefty 331lb ft of torque between 1600 and 3600rpm.

Concours d'Elegance of America selects classes for 2012 event

The Concours d'Elegance of America has announced classes for its 2012 event in Plymouth, Mich., where more than 300 cars are expected to be on display. July is several months away, but here are some highlights you can look forward to through the impending winter: -- American classics from 1928 to 1934: While the Great Depression crippled automotive sales, it also motivated designers to work even harder to attract buyers' attention. Some beautifully crafted custom coaches sprung from this period.

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.