W110 Dome Light Front Cabin Interior Light Front Mercedes Benz With Cracked Lens 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.

July Debut For Citroen’s New C1 City Car

THE BATTLE for hearts and minds in the city has just got hotter with the launch of Citroen’s second generation C1 urban runabout. Although the diminutive French hatch shares much with its Peugeot 108 and Toyota Aygo stablemates, the C1’s bold new exterior look shares more with recent arrivals such as the firm’s new Picasso people carrier. On sale in July, UK buyers will be able to choose from three trim levels with prices ranging from £8,245 for the entry-level Touch to £11,935 for the range-topping Flair.

High-five for Mini's new, larger hatchback

THE LONG-RUMOURED five-door Mini hatchback has finally been unveiled, featuring an extra seat, more legroom and a larger boot than the three-door. By using a longer and wider body, the five-door is able to offer 72mm more legroom for rear passengers, who can also now access the new row of three seats via small but useful rear doors. Boot space is up to 278 litres, which although still comparatively low is 67 more than the three-door hatch can boast.