Dorman C94370 Brake Cable-cable - Parking Brake on 2040-parts.com

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).

2014 Jeep Cherokee delayed?

Chrysler Group late today took the unusual step of postponing a planned media drive of the 2014 Jeep Cherokee scheduled for early next month but vowed that "vehicles will still be in showrooms in September." The media event -- in which waves of national and foreign journalists were to gather in Seattle between Aug. 8 and 14 to drive the Cherokee for the first time -- was delayed until at least the first half of September, according to an email from the automaker. "Over the last couple of weeks during final quality and durability testing, we have discovered the opportunity to further improve powertrain calibration" in the Cherokee, the company said.

Aston Martin Vantage gets V12, but we won't get one

The Aston Martin V12 Vantage, the hottest version of the two-seat coupe, is the latest step in the automaker's new-model offensive for 2009. Revealed just days after the Rapide four-door, the V12 Vantage is the second of four major reveals from Aston this year. Also coming is the DBS convertible, which will share stand space at Geneva with the V12 Vantage and a concept for a new Lagonda, the dormant brand that Aston plans to bring back to life as a super-luxury Rolls-Royce/Maybach challenger.