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GM officially bankrupt

GM 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).

Audi Allroad Shooting Brake unveiled at 2014 Detroit Motor Show

This is Audi’s Allroad Shooting Brake show car, unveiled on the eve of the Detroit Motor Show. It's a reminder that Audi is gunning for sales from Mercedes-Benz and BMW - and a warning that there isn’t a niche it isn’t prepared to plug. The tri-motor, all-wheel drive hybrid, complete with 400hp and 480lb ft of torque, promises to be a fast, usable crossover when it appears on sale – and Audi is hinting that might not be too far away.

Call For Widespread Use of Anti-Crash Car Tech

THE insurance industry’s research centre, Thatcham Research, has said that thousands of lives could be saved if there were Government incentives for drivers buying cars with anti-crash technology. According to the organisation, initial UK market data shows cars equipped with autonomous emergency braking (AEB) have 18% fewer third-party injury claims. Thatcham's chief executive Peter Shaw has called for support for his company's Stop the Crash campaign, which plans to ask the Treasury to introduce and fund a £500 incentive for those choosing to buy new cars with AEB fitted.