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Ferrari Myth exhibition opens in Shanghai
Fri, 18 May 2012Spreading the gospel of Enzo, Ferrari opened its Myth exhibition at the Italian Center in the Shanghai Expo Park on May 18. To help develop the second-largest market for Ferrari, the three-year exhibit is the Italian manufacturer's way of showing the Chinese public the history, cars and technology of Ferrari. The exhibit has five areas: Ferrari in China, Green, Product, Design and Racing.
BMW M3 & M5 M Performance Editions cost £74,080 & £95,140
Fri, 11 May 2012BMW M3 & M5 M Performance Editions The BMW M3 & M5 M Performance Editions with ‘Frozen’ paint and plenty of toys cost £74,080 & £95,140 respectively. Earlier this week BMW UK teased the lauch of a couple of Limited Edition models – the BMW M M3 Performance Edition and the M5 M Performance Edition – with a couple of short video trailers. But now we have the detail – and the prices.
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.