Blinder Hp-905 Compact Laser Parking Assist Dual Sensor on 2040-parts.com

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).

Charles Morgan to build rival cars

Sacked Morgan boss Charles Morgan is to set up new sports car company that he says will rival the 104-year-old British car manufacturer that bears his family name and recently dismissed him. In a report in the Telegraph, Charles is quoted as saying his new company will “build on the innovation and heritage of my grandfather”. On Bing: see pictures of Morgan cars Find out how much a used Morgan costs on Auto Trader The news comes less than a month after Morgan lost his appeal against his dismissal from the Malvern carmaker his family set up in 1909.

Ariel Atom V8- Price update

The new Ariel Atom V8 will cost £120,000 Back in May we reported that the Ariel Atom V8 was in the pipeline, a range-topping 500bhp version of Atom’s road-track monster. Which is twice as much power as the standard Atom – which churns out around 245bhp – and a massive 200bhp more than even the Supercharged Atom. Even in standard spec the Atom manage 0-60mph in a blistering sub 3 second sprint, thanks to its almost non-existent bodywork and ultra low weight.