Vintage Polaris Coil New 3081866 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.

CDN-Opel/Vauxhall Interactive Design competition winner announced

Vladislav Domanin is the overall winner of the CDN-Opel/Vauxhall Interactive Design competition. The announcement was made by Friedhelm Engler, Director GME Advanced Design, during the second day press day of the Paris motor show on the Opel/Vauxhall stand. Mateusz Wowk from the Academy of Art of Design in Wroclaw was this year's runner-up in the exterior category, while Matic Vihtelic of the Academy of Fine Arts and Design, Ljubljana, was declared runner-up in the interior category.

Smokin' video: Ken Block carves up France's l'Autodrome in new Gymkhana run

Rally star and DC Shoes purveyor Ken Block has delivered another piece of wild driving with his latest Gymkhana video--this time carving up the high-banked track at France's Linas at l'Autodrome. If you can dream it, Block can do it--180-degree and 360-degree turns and figure eights in a custom-built, all-wheel-drive Ford Fiesta. There's even a shower of sparks at the end.