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BMW reveals its 2012 London Olympics fleet

BMW 2012 London Olympic Fleet arrives BMW has revealed its fleet of cars for ferrying athletes, VIPs and officials around London for the 2012 Olympics. BMW is an official sponsor for the 2012 London Olympics – just in case you’ve been in a cave for the last couple of years – and are focusing supplying on low emission cars cars to transport the mass of Olympic bods round London this summer. That means there will be no plutocratic 7 Series of ‘let’s get there quick’ M5s on offer and instead the Olympic great and good will have to do with a fleet of cars with a green halo.

GM sketches out order deadlines for 2012, 2013 Chevrolet Corvettes

We've already told you how General Motors plans the honor the 60th anniversary of the Chevrolet Corvette with a special trim package for the 2013 model, along with the fire-breathing 427 convertible. But GM has given Chevy dealers the heads-up on its production plans. In short: Buyers have less time than usual to place their orders.

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).