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Winners of Kia 'My Style, My Design' Chinese design contest announced

The winners of Kia's ‘My Style, My Design' design competition have been announced at a ceremony at Beijing's Yue Art Museum. This second annual event saw the number of universities involved rise from 40 to 86 with over 500 projects submitted which the organizing committee whittled down to just 30 finalists. Shangdong Transportation College student Du Wenchang's 'Honglin' project was presented with the award for first place by Seon-Ho Youn, vice president of Kia Design Center.

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.

Mustang celebrated with Bullit in Silverstone

THE FORD MUSTANG turns 50 this year and to celebrate arguably its finest on-screen hour in the film Bullit, the team behind this year’s Silverstone Classic event in July have filmed their very own homage on the mean streets of…Silverstone. The Highland Green Ford Mustang GT prowls the Northamptonshire village before it catches up with black Dodge Charger R/T, and the actions then switches to the Silverstone circuit itself before the dramatic conclusion. ‘It’s hard to imagine a better way for us to celebrate the Mustang’s forthcoming 50th birthday party than by making this special homage to the classic car chase in Bullitt,” said Nick Wigley, Silverstone Classic Event Director.