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Caterham creator Graham Nearn dies

Britain has lost another of the champions of its specialist sports-car industry, Graham Nearn, who died on Oct. 24 at age 76. Originally a Lotus dealer, Nearn built a highly successful sports-car business around the lightweight two-seat Lotus Seven, which he bought from Lotus founder Colin Chapman in 1973.

M25 speed cameras not switched on

Most speed cameras on the M25 have not worked for five years, according to a report in the Sunday People newspaper. Of the 117-mile stretch of London’s orbital motorway, only 3.2 miles between Junctions 2 and 3 in Kent is covered by working cameras. On Bing: see pictures of speed cameras Cars most likely to be caught speeding in the UK The cameras, which sit behind overhead gantries imposing lower speed limits during congested times, haven’t been switched on since they were installed in 2009.

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.