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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).

2009 Mazda 3 hatchback unveiled ahead of Bologna

Mazda has today released the first pictures of the new Mazda 3 hatchback, ahead of the Bologna Motor Show on December 3rd. The pictures come hot on the heels of the recently announced saloon and, just like the saloon, the Mazda 3 hatchback is a much fresher design, with far more sporty pretensions. One of the big aims for Mazda with the 3 was, of course, a much more economical car without sacrificing the old model’s strengths.

CAR 20 Most Wanted of 2014: Honda Civic Type R

By the CAR editorial team First Official Pictures 18 December 2013 15:07 Honda’s got its mojo back: and here’s the proof. The 2015 Honda Civic Type R will be the fastest front-wheel drive hatch around the famed Nurburgring, Germany, circuit. How do we know?