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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).

Toyota FT-86 II: The second coming of the Toyobaru FT-86

Toyota FT-86 II Tease Just last week we finally got the first concrete news on the Subaru half of the Toyobura project that seems to have been bouncing around forever. Well, certainly since Toyota first rolled out the Toyota FT-86 Concept at the Tokyo Motor Show in 2009. Which made is believe that the whole Rear-Wheel Drive Sports Car Technology Concept designed to deliver an affordable, traditional-style rear-wheel drive sports car at a sensible price (when we first saw the Toyota FT-86 we were told around £17.5k ) was finally going to bear fruit.

London Motor Show Video Highlights | 2008 British International Motor Show | CAR Magazine Online

By Tim Pollard Motor Shows 25 June 2008 09:00 Being incapable of time travel, we haven’t yet filmed at the 2008 London motor show – but you can watch some of our videos from previous motor shows on our media player below. Just scroll through the playlist and pick a video you want to watch and then click play. We’ll update this page after the show with all the latest video news from the London motor show 2008.