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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).

The new Honda Insight hybrid is shown at the Detroit auto show

The new Honda Insight was unveiled at the Detroit Auto Show To hear Honda tell it, the new 2010 Insight coming to market this April is all about making hybrid technology available to Gen-Y. That's because it's smaller and less expensive than the class-leading Toyota Prius or Honda's own Civic Hybrid. We drove the Insight in Arizona recently and found it also more fun to drive than most hybrids, another attribute that ranks high among young buyers.

VW Up 5dr (2012) revealed - the Upsized one

VW has revealed a new five-door version of the Up to broaden the appeal of its city car range. The new five-door Up hatch will cost £397 more than the three-door Up on the Continent; UK prices have yet to be revealed, but the three-door will kick off at £7995 when sales start on 6 March 2012. How much more practical is the VW Up five-door?