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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.

Top Gear Tonight: Burma Road Trip part 2

Top Gear continues its Road Trip across Burma tonight In best Top Gear tradition, series 21 ended up just five episodes long, with last weeks episode being the first part of the Top Gear Christmas Special road trip through Burma. Tonight’s Top Gear – which you can think of as episode 7 of series 21 – is part two of the much delayed 2013 Christmas Special with the boys picking up where they left off last week, heading through Burma on the way to Thailand and the River Kwai. Having got to grips with their less than cutting edge lorries and suffered the Burmese equivalent of truckers’ overnight truck stops, Clarkson, May and Hammond are now heading further in to uncharted territory – certainly for Western Media – as they head towards Thailand and the River Kwai.

Breckland Beira: the first pictures

By Ben Pulman First Official Pictures 03 June 2008 17:18 Missing Marcos and wondering just what exactly has happened to TVR? Well your sportscar wishes have been answered in the shape of a new British-built two-seater called the Breckland Beira. Power (of course) comes from a 6.0-litre GM-sourced V8, but the chassis isn’t some hastily cobbled together tubular steel job.