GMAC Raises $21.2B In Debt-For-Equity Swap

Posted by Auto News on December 31st, 2008

GMAC Financial Services LLC says it raised $21.2 billion in a debt-for-equity swap, but appears to remain shy of its capital-raising goal needed to qualify to become a bank holding company.

2009 Alpina B7 based on BMW 7 Series

Posted by Rimsha on December 31st, 2008
This is the first sketch of the 2009 Alpina B7.

The people from the Alpina tuner have decided that the BMW 7 Series looks good enough, but it should be better in performance. They’ve basically made three modifications to the exterior, but they seem to make an important difference.

BMW Vela Concept

Posted by Rimsha on December 31st, 2008
This is the BMW Vela Concept, the last of the four concepts which were the best of the Istituto Europeo di Design.

We already talked about the ZX-6 Concept, the AFRICA - decompose Concept and the SNUG Concept. The BMW Vela is a simple car, but with a very aerodynamic design.

The Renault Cars

Posted by Rimsha on December 31st, 2008
The company, officially known as Société Renault Frères or simply Renault S.A is a French vehicle manufacturer. The company was established in the year eighteen hundred and ninety nine and began its production line toward the end of the same year.

The Ford for 2009

Posted by Rimsha on December 31st, 2008
2009 will most certainly be the turning point for two automakers, General Motors and Chrysler, as they make use of billions of dollars of federal loan money, funds which could help each company compete in the months ahead.

The 10 Quickest Cars of 2008 - Feature

Posted by Rimsha on December 31st, 2008
2008 saw the car market go in the tank and efficiency become the new buzzword, but that didn’t stop us from testing a whole slew of cars capable of distorting the senses with a heavy prod of the throttle pedal.

Maruti omni and Maruti Models

Posted by Rimsha on December 31st, 2008
The incorporation of the Bharat Stage III emissions norms has seen many manufacturers taking advantage to slightly upgrade their models, and Maruti is no exception. After the recent face-lift for the 800, it is now the Omni’s turn in the botox lab.

Custom 300c Srt8

Posted by Rimsha on December 31st, 2008
I am about to buy a custom 300c srt8 and I was wondering what I should do to it. I have been searching on the internet for a while now and looking at other peoples cars.

New Car Review and Info

Posted by Rimsha on December 31st, 2008
The highly-successful Nissan 350z is getting long in the tooth, and rumors about its replacement have been circulating for some time. Expected to arrive in sometime in 2009 as a 2010 model, the new 370Z, codenamed Z34, will be smaller, lighter, and more agile than the current model.

New BMW Z4 2010 : Official photos & Video

Posted by Rimsha on December 31st, 2008
Mercedes-BMW rivalry is brought up again in the forefront of the new generation BMW Z4, whose first official photographs have appeared recently on the Internet. The term “flakes” in the title should be understood as “hard-top” - the main novelty of the new BMW Z4.


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