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GM officially bankrupt
Mon, 01 Jun 2009GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).
UK number plates under threat from EU
Mon, 14 Apr 2014A proposal to introduced a standardised European number plate had been revealed. If such a scheme were to go into law it would mean the end of the UK number plate as we currently know it. On Bing: see pictures of UK number plates The best and worst car number plates in the world Inserted into a wider bill designed to make it easier to register cars in different EU countries, the standardised number plate plan is the work of a Dutch Member of the European Parliament (MEP), according to the Daily Mail.
Video: Gordon Wagener on the Mercedes Concept Style Coupe
Fri, 04 May 2012Mercedes-Benz has released a short video in which Head of Design Gordon Wagener presents the new Concept Style Coupe. The Concept Style Coupe, officially introduced at the recent Beijing auto show, was first seen at the Avant/Garde festival prior to Beijing in an unusual move for the brand. "In this case we thought the car was so progressive and avant-gardistic that we decided to put it here into this art show," says Wagener.