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Final second-generation Mini leaves production line
Fri, 29 Nov 2013THE FINAL Mini hatchback of the current generation has left the production line in Oxford, after more than a million were made for customers around the world. There’s no time for production staff to rest, though, with assembly of the new Mini hatchback already under way alongside the many other Mini model derivatives. In total, more than 1.8 million hatchback Minis have been built at the factory since 2001, of which 1,041,412 were the currently outgoing model.
BMW Concept Coupe
Mon, 15 May 2006BMW unveiled their latest concept in the run up to the contemporary Mille Miglia, a road race for cars that competed during the original event held between 1933 and 1957. The BMW 328 that set the fastest time in 1940, averaging over 100mph, has also provided inspiration for the Coupe Concept, which mixes the older car's silhouette with surfaces closer to the Z4 on which it is based. Powered by BMW's seminal 343PS engine, the car is wrapped with carbon-fibre reinforced plastic (CFRP), whose form is defined by designers using plaster rather than clay "for a closer emotional experience".
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere 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.