Wed, 27 Apr 2011
What we have here, according to the seller, is an actual one-owner, 4,418-kilometer (2,739 miles) BMW M1, recently imported to the United States from Germany. That's right--the original BMW supercar, one of 456 reportedly built. While the 277-hp straight-six may not sound too impressive today, keep in mind that the European Ferrari 308 only made about 250 hp at the time.
Fri, 30 Dec 2011
Fisker Automotive is recalling 239 Karma hybrid cars to fix a defect in the vehicle's high-voltage battery. The recall notice, posted today on the National Highway Traffic Safety Administration's Web site, says the campaign targets all 2012 Fisker Karma models manufactured between July 1 and Nov. 3 of this year.
Wed, 27 May 2009
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.