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New 2015 Skoda Fabia revealed – well, sort of

The design sketch of the 2015 Skoda Fabia We’re not entirely sure we can consider the design sketch of the new Skoda Fabia (above) as a reveal of Skoda’s supermini, but it is a clue to what we can expect when the new Fabia arrives in the coming weeks. Skoda tell us that the new Fabia will be taking its design cues from the Vision C Concept we saw at Geneva – and the new Octavia –  and that is a new direction for Skoda  with added width and a flatter body creating, say Skoda, more harmonious proportions. Of course, the design sketch of the new Fabia has the usual artistic license to make it more dynamic than the reality will be, with the end product when it arrives likely to look much like a smaller version of Skoda’s latest efforts.

General Motors to offer car sharing via mobile app and OnStar

General Motors has partnered with a San Francisco-based start-up company named RelayRides to enter the car-sharing business. In early 2012, GM vehicle owners in California will be able to use the OnStar system to rent out their cars when they aren't using them. The service will available nationwide for OnStar subscribers by the end of the year.

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).