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Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

Toyota proposing $1.1 billion unintended acceleration settlement in US

Toyota are setting aside an additional $1.1 billion to settle claims in the US of unintended acceleration in their cars. In the ongoing saga of unintended acceleration in the US caused by floor mats, Toyota has revealed it is to set aside an additional $1.1 billion to settle claims and fit new equipment to cars affected by the floor mat problem. Toyota are going to install a brake override system in 3.25 million vehicles, set aside $250 million to compensate owners who have already sold their cars, another $250 million for affected owners whose cars can’t get the brake override system, throw in a care plan  for parts related to unintended acceleration and throw $30 million at research in to car safety.

2012 Volvo V40: Full set of photos leak

The 2012 Volvo V40 now leaks completely We have a full set of photos of the new 2012 Volvo V40 – ahead of a debut at Geneva 2012 – thanks to yet another leak. We’ve got used to new cars leaking out a bit at a time on the Interwebs, but photos of the new 2012 Volvo V40 have been leaking like a sieve for weeks, despite the official debut not being until Geneva in a week or so. First we had what looked to be a scan from a brochure of the new V40, followed closely by a couple of official exterior photos of the V40, just to be sure.