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Magna Steyr Mila concept

The Magna Steyr Aero light is the fifth concept car from the subsidiary of automotive supplier Magna. The Aerolight is an A segment car, that tips the scale at just 700kg. Powered by a CNG natural gas drive system, the Aerolight has CO2 emissions of just 55g/km.

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.

Land Rover Freelander

Land Rover has released pictures of the new Freelander (LR2), due to be launched at the British Motor Show in July. Harder edged than its predecessor, the chiselled exterior has simpler surfaces that update the same overall styling theme. The profile of the new car is more dynamic, borrowing cues from Range Rover Sport, though the stepped roofline has been diluted.