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Remember this day in GM history: The next century of automotive success starts now

President Obama's administration made history today with what some see as nothing short of government meddling in the affairs of big business. What I see is something else: I see the administration showing that it is serious and raising the level of concern from yellow to orange. Now there is a firm deadline and a message to bondholders, United Auto Worker union members and the American public: Do not be surprised if in the next 30 days--or even sooner-General Motors files for a controlled bankruptcy.

Lexus IS F ends production to make way for the new Lexus RC F

The Lexus IS F is no more The Lexus IS F was the car Lexus hoped would take the fight to cars like the BMW M3. But in the 7 years the IS F has been on sale it’s only managed to shift around 11,000 units, partly because it just didn’t have the dynamics or power of the M3, but also because few yet consider Lexus a ‘Performance’ brand. So the Lexus IS F has now ended production after a less than stellar sales showing, and Lexus are instead pinning their hopes for a credible M3 beater in the new RC F.

Fiat set to grab 51 per cent of Chrysler

Sergio Marchionne wants majority at Chrysler What a difference a couple of years makes. On May Day in 2009 we reported that Chrysler had been put in to Chapter 11 Bankruptcy and the US Government was stepping in to ease the pain with $7.5 billion (admittedly at somewhat less than mates-rates) and that the management were ‘leaving the building’. Step forward Fiat to take up a 20% stake in Chrysler and Fiat boss, Sergio Marchionne, who planned to lead Chrysler away from the dark side and in to the light, with the promise of smaller and more efficient platforms and engines.