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Pagani Huayra confirmed for U.S.

The Pagani Huayra - Confirmed for the US Despite becoming a hypercar maker of renown – a major achievement in a little over a decade – Pagani has never sold cars in the US. Which means the delicious Zonda – in all its many iterations – has never been available  in the US market, and even imports from other parts of the world are impossible. Well, impossible if you follow the rules, but if you care to bend things a little… But Pagani always planned to sell the Pagani Huayra – Pagani’s latest creation – in to the US.

Jaguar Land Rover to spend additional £250 million a year with UK suppliers

JLR to spend and extra £1 billion with UK suppliers The Range Rover Evoque phenomenon continues with Jaguar Land Rover announcing an extra £250 million additional annual spend with UK suppliers. Just last week we had the news that Land Rover’s Freelander 2 had hit sales of 300,000 since its launch in 2007, but if the Range Rover Evoque continues selling the way it has that figure will be eclipsed in half the time by the Evoque. And it’s sales of the Evoque – Land Rover has sold 60,000 Evoques in the first seven months on sale – that’s driving the need to spend more with suppliers and the announcement today that UK suppliers can look forward to an extra £250 million a year being spent to support the Evoque’s production at Halewood.

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.