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Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.
Vauxhall Insignia VXR SuperSport – under £30k
Wed, 07 Nov 2012Vauxhall is replacing the Insignia VXR with the Insignia VXR SuperSport, with a 170mph top speed and costing just £29,995. But don’t run away with the ieda that the VXR SuperSport ios some sort of new, super-powerful version of the old VXR without the SuperSport badge, because it’s not. Vauxhall has simply taken the limiter off the old VXR – and in the process upped the top speed to 170mph – and actually dropped the price to £29,995.
CAR launches new supercar zone
Thu, 31 Jul 2008By Tim Pollard Motoring Issues 31 July 2008 10:26 CAR Online today launches its new supercar zone – a celebration of all things supercar related. We name the greatest and most significant supercars over the past four decades to coincide with the 36-page Supercars 2008 supplement free with the new September 2008 issue of CAR Magazine. Here's a whistle-stop tour of the highlights of our supercars microsite: • We name the landmark supercars• Browse our GBU supercar guide• The forgotten supercars• Vote for your favourites in our polls• Gallardo 560-4 vs Ferrari F430 video• New video library of supercar videos• CAR blogs: how we crashed on the Reventon launch and other supercar tales• Tomorrow's supercars: the scoops• The technical advances – 1966 vs 2008• Test your knowledge in our supercar quizFor all this and more, click here to go to our new supercar zoneClick here for a preview of the Supercars 2008 supplement