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Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.
Hyundai i10 stars at the 2013 Frankfurt Motor Show
Tue, 10 Sep 2013Frankfurt 2013 marks the debut of Hyundai’s new i10 hatchback – a fresh-faced challenger in the city car segment that’s aiming to take the fight to more expensive urban runarounds while still offering strong value for money. That means technology rarely seen on hatchbacks of this size, efficiency improvements and a greater degree of practicality, too. Please click the image above to read more about the Hyundai i10 at the 2013 Frankfurt Motor Show
2014 Toyota Corolla debuts in Santa Monica
Thu, 06 Jun 2013The all-new 2014 Corolla is the 11th generation of the largest-selling car in the world. Along with the Camry it's the very bread and butter of a very bread-and-butter automaker. So it's pretty important for Toyota.
