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60mph M1 motorway speed limit proposed

The government has announced a proposal to lower the motorway speed limit from 70mph to 60mph over a 32-mile stretch of the M1. The plan, which has just been put out to consultation, would lower the speed limit to 60mph between junction 28, near Matlock in Derbyshire, to junction 35a, north of Rotherham – in a bid to improve air quality by reducing vehicle emissions. On Bing: see pictures of motorway air quality Find out how much a used low CO2 car costs on Auto Trader The current proposal would see the Highways Agency put the 60mph restriction in place between 7am and 7pm, seven days a week.

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).

GM launches test program in California selling cars on eBay

General Motors and eBay are partnering for a four-week selling spree in California. Chevrolet, Buick, GMC and Pontiac dealers in the Sunshine State will sell up to 20,000 cars on gm.ebay.com from Aug. 11 to Sept.