Porsche Oem Factory 997.2 Turbo Rear Bumper Black on 2040-parts.com

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).

Ferrari plans new club to help loyal owners buy limited-edition cars

Ferrari plans to create a collector's club to give loyal customers a better chance of owning one of the company's limited edition cars. The club likely will be open only to people who possess at least five Ferraris. The Italian supercar brand says there are about 300 collectors worldwide who own five or more Prancing Horse models.

VW to intro Passat BlueMotion Concept at Detroit auto show

While performance heads are anxiously awaiting the North American debut of the hot-heat Mk VII Golf R at the Detroit auto show, Volkswagen's Passat BlueMotion Concept offers never-before technology in the Yank/Canuck family sedan segment: a four-pot motor with cylinder deactivation. Based on the EA211 1.4L turbo motor we sampled last year in the Euro-market Audi A3 sedan, the Passat BlueMotion Concept's engine is capable of shutting down the middle two cylinders during cruise, and features the Jetta Hybrid's gearbox, a twin-clutch unit capable of decoupling from the engine during off-throttle coasting. In the Passat's application, the 1.4 puts out 150 hp and 184 lb-ft of torque; VW suggests its highway fuel economy will stand at 42 mpg.