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New Kia launches Focus and Golf attack

By Phil McNamara Motor Industry 15 August 2006 09:00 Europe's fastest growing car brand – Kia – is finally wading into Europe's biggest market with a serious contender. But with a joke of a name: the Cee'd. Kia claims the five-door hatchback will be the most spacious car in the C-segment, where it will do battle with the VW Golf, Ford Focus et al.

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.

GM delays Camaro production start by a month

General Motors is delaying the launch of the Chevrolet Camaro sports car by a month, without explaining why. GM had scheduled the start of production of the redesigned 2010 model in Oshawa, Ontario, for Feb. 16.