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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).

Cadillac CTS

By Ben Oliver Motor Shows 09 January 2007 04:39 New CTS: no mistaking this for anything other than a Cadillac The all-new CTS compact exec saloon is Caddy's big news from the Detroit show, and they were never going to muck about with a distinctive design direction that has won them praise and younger customers since it began in 2001. The new CTS exaggerates it further with yet-more vertical lamps and grille, plus plenty of bling, using chrome for the air vents, window surrounds, the three-inch exhaust tips and 18-inch rims. No high-performance V version of the new car has been announced yet, but until it arrives the range will be led by a new direct-injection, 3.6-litre V6 with variable valve timing putting out 300bhp and 270lb ft.

Out of this world: Land Rover to send people into space

Land Rover is a company all about adventure. It’s constructed its reputation on building cars that can explore our planet to the full – and now it’s going beyond the Earth. Seriously.