http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=773
GM is gone and a new GM is born.
And the bankrupt Detroit automaker's gimmick has worked. A new company formed from a purchase of the old GM's 'good' assets will emerge from Chapter 11 only 41 days after GM was forced into bankruptcy protection on the 1st of June.
The new company will be majority owned by the US government with a 60.8 percent stake. The Canadian government will also own a 11.7 percent share of the new GM. The US Treasury will have committed some 50 billion dollars to GM by year's end. The remaining share of the now private company will be held by the UAW (17.5 percent) and bondholders who previously held GM debt will get 10 percent of the new GM.
The voyage through Chapter 11 proceedings had to be quick, lest GM brand's suffer terminal damage in the marketplace. But there are still obstacles to overcome. Since the US government now owns GM, Congress can act to exert control, and a majority of House members have voted for a bill that blocks the closing of GM and Chrysler dealerships in order to help save jobs. But GM needs to close the 1,300 dealerships it had planned to in order to trim its operations and become a viable company once again.
Still, the final test will be with consumers. Will they buy GM cars?
The President of GM North America, Troy Clarke, believes it can pass that test. "This is a new General Motors, which is going to be focused on fewer brands, fewer entries...We'll ask for people to please give us that one look. Give us that one consideration and we won't disappoint you."
Sounds desperate. But who isn't these days?
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Cargraphic tunes Cayenne Diesel
http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=774
Cargraphic has unveiled a new range of styling and performance accessories for the Porsche Cayenne Diesel.
Under the hood, Cargraphic adds a revised ECU module which boosts the 3.0-liter V6 turbo diesel's output from 176kW and 550Nm of torque to 213kW and 630Nm of torque. Although Cargraphic did not provide any performance data, they did state the Cayenne's top speed is increased to 221 km/h.
The company also offers an extensive body kit which includes a new front valance, a rear diffuser, side skirts, and wheel arch extensions. If that doesn't float your boat, perhaps Cargraphic's modified electronic suspension module will do the trick. It has been specially designed to give the Cayenne a low stance which helps to improve aerodynamics and reduce drag.
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Abt give Golf VI GTI 191kW and 221kW upgrades
http://www.maxauto.co.za/CntView.aspx?CatID=26&CntID=775
Racing and tuning house Abt Sportline finally reveals expected upgrades to the Volkswagen Golf VI GTI. Previously Abt had released aero kit and modest performance upgrades for the Golf VI at Essen last year.
The standard GTI is known for producing 155kW out of its 2.0-litre four-pot turbo engine. Power has been upped to 191kW which is the same as the Mazda3 Speed/MPS. The engine size remains the same but the ECU and exhaust system have been reworked. A new turbocharger has also been used. It does not stop there however. A second package takes the power up to 221kW which is just 4kW short of a BMW 135i. Performance is 0 - 100km/h in 6 seconds.
Abt suspension springs and brakes are fitted and the suspension system itself is lowered by 30mm. A four-pipe exhaust emits a sporty sound to compliment the kit. The body kit consists of LED lights, a new Abt front grille, spoiler, side bar and a rear spoiler. There is also a front lip. Customers will have a choice of between 18-inch and 19-inch wheels.
The interior is different with red accents on the instrument panel, the dashboard, door trim and the steering wheel.
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