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The newswires are alive with news that GM’s unsecured bondholders have agreed to a new deal to swap their debt for equity in the “new” GM.

According to MSNBC, GM bondholders will still get 10% of the company in exchange for giving up $27 billion in debt. As a sweetener, GM would give them the option to buy up to 15% if they did not oppose the government sponsored deal. They also called the government’s bluff that there was a substantial risk that they would get even less should GM file for bankruptcy.

Wrecked Nissan GT-R

Filipino TV and movie actor crashed his Nissan Syline GT-R last May 23 along a unlit stretch of highway in Tagytay. While the actor escaped with minor head injuries, his assistant sitting in the passenger seat was also injured. However, a second passenger, sleeping in the back was killed. (more…)

autohome.com.cn: Facelifted Chevrolet Aveo

In its final years as Chevrolet’s only small car offering, the Aveo sedan gets a nose lift putting it in the same visual line as its Aveo hatchback sister, and a bit like its bigger brother the Cruze. (more…)

Spy photo of Chevrolet Aveo at the Nurburgring

From worldcarfans.com: The new Chevrolet Aveo has been spied doing the rounds ’round the ring. Probably schedule for a launched in mid-2010, it looks like GM engineers are trying to make a car that will out-handle the Fiesta, Fit, and Yaris. (more…)

2009 Ford Everest

From Ford Thailand: Coming at the heels of the Toyota Fortuner’s facelift, Ford will soon be introducing the new fascias of their Ranger and Everest lines.

The new Ranger is already on sale in Thailand, and it is pretty certain that the Everest will get the new (smarter-looking) snout. (more…)