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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.
Toyota FT-86 Open Concept (2013) drop-top GT86 revealed
Fri, 01 Mar 2013Toyota will show a drop-top 'FT86 Open' concept at the 2013 Geneva motor show. It's supposedly a concept version created only to gauge customer reaction to a GT86 convertible, but with test mules already hard at work elsewhere, this is one concept car you can be sure will make it to showrooms almost unchanged. After all, that 'FT86' moniker stands for 'Future Toyota'...
Bentley Hybrid Concept is a Mulsanne, but it’ll arrive in the new Bentley SUV
Wed, 09 Apr 2014The Bentley Hybrid Concept (pictured) will debut in Beijing There’s been lots of talk of a Bentley Hybrid for a number of years now, and in 2011 Wolfgang Dürheimer confirmed that hybrid was in Bentley’s plans and that it would be a plug-in. Fast forward three years and we get the Bentley Hybrid Concept, Bentley’s first crack at a plug-in hybrid powertrain all wrapped up in the Mulsanne. But it won’t be the Mulsanne that sees a production version of the hybrid powertrain but, as expected, the new Bentley SUV.