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GM officially bankrupt
Mon, 01 Jun 2009GM 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).
Kia Rio three-door (2012) first official pictures
Thu, 26 Jan 2012Nearly a year on from the unveiling of the five-door Rio, Kia today launched the three-door Rio supermini. What’s different on the three-door Rio? It's lost two doors, stupid!
Crash avoidance technology 'can cut crashes by a third'
Sun, 03 Nov 2013GROUND-BREAKING rear-end crash avoidance technology can cut the likelihood of these accidents by up to a third, according to the latest crash test results by European safety body Euro NCAP. The Autonomous Emergency Braking (AEB) systems were trialled by Euro NCAP, which independently tests the crash safety standards of new cars in Europe. It tested the cars by driving them towards a dummy car made of an airbag to see which would stop before a collision occurred.