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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.

Are Jaguar planning to revive the Daimler badge?

The Jaguar XJ has always been an impressive car (well, if you ignore some of the periods of unreliability since it launched in the 1960s) and the last ‘traditional, 3-box XJ was very similar under the skin to the new swoopy coupe version that had transformed the fortunes of the XJ in the luxury car market. It just didn’t sell. That was changed with the latest XJ which comes with stunning (if, perhaps, slightly divisive styling).

Honda Jazz Si launches

Honda has launched the Honda Jazz Si Before you get too excited at the prospect of the able Honda Jazz getting some extra oomph – don’t. We’re still in the fluffy-bunny era so this Honda Jazz Si gives a lie to the name by offering not one dot of extra performance. Just the look of extra performance.