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GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.

CPP to buy Browns Lane

CPP are off to Browns Lane - where every E-Type Jaguar was built As regular readers will know, we’re big fans of CPP and are always happy to big them up at the drop of a hat, even before they acquired Vladimir Antonov’s money and set forth on a mission to buy up the world’s niche car makers. So with solid funding from ‘Vlad the Investor’, CPP are on a fast road to being a sizeable force in world car manufacture; not in the volume sense, but certainly in the impact their products are making. Despite pointing out to us that they haven’t actually bought Zagato (technically correct) Zagato is now very much part of the CPP portfolio, as is extreme off-roader Bowler – a more recent acquisition – both solid names to exploit in a high-end car maker future Nirvana.

Mazda’s suitcase car is three-wheeled perfection

A lot of people complain about the fact that the future started years ago, and, yet, no one’s produced a viable flying car. That disappointment is misplaced. The real tragedy is that Mazda never mass produced the suitcase car.