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Renault launches cheapo Twingo

The Renault Twingo is a car we had to do without in the UK for years. Renault never thought it worthwhile bringing this slightly odd-ball car to the UK. Many of us drove it on holidays in Europe, where it was a mainstay of holiday rental fleets for years, but it never crossed the channel.

New BMW 3-Series (2012) revealed – Update: Prices & HUGE Photo Gallery

New BMW 3 Series (2012) gets revealed If there is a car which defines BMW’s success more than any other, it’s the 3-Series. So the reveal of a brand spanking new BMW 3 Series for 2012 is a big deal. The new 3-Series is a bit bigger and a bit lighter than the current car and is a new BMW from the ground up.

Bondholders snub GM, bankruptcy filing likely

Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.