16 Row An-10an Universal Engine Transmission Oil Cooler + Filter Relocation Kit on 2040-parts.com

Bondholders snub GM, bankruptcy filing likely

Nowhere 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.

Nissan wins New York taxi bid

Nissan won the fight for an exclusive 10-year contract to design and supply the next generation of taxis for New York City, starting in 2013. "The new taxis will be custom-designed to meet the specific demands of carrying 600,000 passengers a day in New York City traffic," Mayor Michael Bloomberg said Tuesday. "The vehicle meets the top priorities identified by the public in our online survey." Nissan was battling Ford Motor Co.

Lexus Detroit Concept tease 2. Could this be an LFA derivative?

Lexus Detroit Concept tease 2 (click image for full size) Lexus has sent us the second teaser photo of a new concept showing a new design direction heading for the Detroit Auto Show. Last week Lexus came over all enigmatic and sent us a teaser photo of a concept car heading for the Detroit Auto Show in January which, they say, heralds a new design direction for Lexus. All we got was a tight front three-quarters shot of the new car showing a car which appeared to be dynamic and sporty, and with more than the odd design cue from the LFA.