GM will officially declare bankruptcy tomorrow morning before the markets open. Additionally, the Obama Administration has put turnaround expert Al Koch in charge of, well, turning the company around. Fritz Henderson will remain GM CEO.
Al Koch is managing director of AlixPartners, a business consulting company involved in restructuring. He was placed in charge of K-Mart,… »
Archive for May, 2009
GM To Declare Bankruptcy Monday, Chief Restructuring Official Named [Carpocalypse]
Sunday, May 31st, 2009One lucky Hoosier gets ethanol, wins the lottery
Sunday, May 31st, 2009Don’t say ethanol never paid off for anyone. Summitville, Indiana resident Pamela Smith stopped off to buy E85 earlier this month and dropped a few bucks into the Indiana lottery. Luck was with her, and she won the $2.5 million Hoosier Lotto jackpot.
“I was looking for Ethanol gas,” Smith in a statement. “I actually went… »
VIDEO: Zerocarbonista wind-powered car still being invented
Sunday, May 31st, 2009It’s been a little more than a year since we first started tracking the development of the wind-powered car by Ecotricity founder, Dale Vince. His latest video installment, part 9 of 6 (not a typo), is now available and in it, we catch up on all the latest news and are even assured that the… »
Project Car Hell, Bruiser Benz Edition: 600 SWB or 450SEL 6.9? [Project Car Hell]
Sunday, May 31st, 2009Welcome to Project Car Hell, where you choose your eternity by selecting the project that’s the coolest… and the most hellish! After yesterday’s Engine Of The Day, we must go with M100-powered machinery today.
Ever since I saw a hopeless beater Mercedes-Benz 600 being shipped to Europe from Oakland, I’ve assumed that no mere mortal… »
Laissez Les Crapheaps Roulez: Get Ready For The 24 Hours Of LeMons New Orleans! [24 Hours Of Lemons]
Sunday, May 31st, 2009You want swamps, huge bugs, voodoo, and drag racing with your LeMons madness? Head out to No Problem Raceway next weekend for the Laissez Les Crapheaps Roulez 24 Hours Of LeMons!
Let’s have some musical inspiration here as we contemplate the near-intolerable levels of awesomeness that participants at the first-ever Louisiana 24 Hours… »
Roofless Tyrant: Bugatti Veyron 16.4 Grand Sport enters production
Sunday, May 31st, 2009Filed under: Convertibles, Plants/Manufacturing, Supercars, Bugatti
Bugatti Veyron 16.4 Grand Sport – Click above for a high-res image gallery
The marque’s faithful (read: the obscenely wealthy) have been waiting a long time for a convertible Bugatti. The last time a roadster rolled out of Molsheim was in the company’s heyday before WWII, and despite our teenage… »
Fill Your Neighborhood With Affordable Rootes Group Machinery! [Barn Find]
Sunday, May 31st, 2009What do you call a collection of rusty Singers, Hillmans, Simcas, and Sunbeams, assembled as part of an “outdoor museum” in Waukesha, and all for sale cheap? Wisconsin Death Trip?
This bunch of Rootes Group classics has roused the ire of the Communists in charge of zoning enforcement in Waukesha, and everything must go. Even Ed… »
Toyota expands auxiliary electrification on new Lexus HS250h
Sunday, May 31st, 20092010 Lexus HS 250h – Click above for high-res image gallery
With the introduction of the new HS250h, Lexus brings forth the first dedicated luxury hybrid. In the process it’s also expanding the electrification of ancillary components. Ever since the original Prius, hybrid engineers have been replacing mechanically driven systems with electrically driven equivalents. For example,… »
UPDATE: Bailey Blade prototype expected in October
Sunday, May 31st, 2009Filed under: Concept Cars, Sports/GTs, Etc., Videos
Remember the Bailey Blade coupe being created by Neal Bailey in his Texas garage? Not only is Neal still at it, but he tells us he’ll have at least one, possibly three, prototypes ready for testing in October. That’s a big change in status from the last time we… »
President Obama to address nation Monday … [Carpocalypse]
Sunday, May 31st, 2009President Obama to address nation Monday regarding GM bankruptcy. [NYT]
Original post by Ray Wert… »