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2012 Mercedes-Benz SLS AMG Roadster video hits the Web
Tue, 31 May 2011Last week we showed you fresh photos of the 2012 Mercedes-Benz SLS AMG Roadster. In this morning's edition of car porn, we give you a video of the two-door convertible that shows interior details and an action shot of the soft top dropping while the car moves along at 31 mph. That's all great but, with 563 hp under the hood, we just want to see this thing go fast.
Renault buys Caterham out of the joint Alpine sports car venture
Tue, 10 Jun 2014Renault buys Caterham out of the joint Alpine sports car venture It’s more than eighteen months since Renault and Caterham joined forces to create a new breed of sports cars around the Alpine brand. Renault say the arrangement is a mutual one and officially brings to an end the joint venture, and that the business will be renamed Société des Automobiles Alpine this month, although Renault aren’t excluding further ventures with Caterham in the future. The split means that the Alpine project will now be a purely Renault one, and Renault are planning to get their Alpine to market by 2016.
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.