Welcome to the FBodyClub.com site ran by the West Virginia F-Body Club. Here, cars are not just a hobby, but a lifestyle. We love to hear about new things coming out in the automotive field, and we have compiled the newest automotive news for your enjoyment.

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We will be adding features as we go along, but this is a fresh start for our page.

Chad Freeman, Webmaster.

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Jay Leno reviews the new Camaro...

30 June 2009, 5:30 am

As the Muscle Car Wars continue, GM's struggling to meet demand for the new Chevy Camaro, with some buyers paying heavy premiums on sticker prices. Now GM even thinks it may catch Ford's new 2010 Mustang in monthly sales.

According to the General, the new Camaro is creating enough buzz to play a key role in GM's turnaround. It's obviously drawing showroom traffic with the new Transformers movie "” no matter how awful it was. But GM thinks it's so hot it may even catch the Ford Mustang in monthly sales when it has enough available "” no small feat given the 'stang sells with a drop-top model alongside the coupe and the Camaro's only got the coupe (not to mention there's not even a t-top version!).

Read our Camaro vs. Challenger vs. Mustang comparison!

GM sold 5,463 Camaros in May, the first month of the sporty car's revival, compared with 8,812 Mustangs sold by Ford. GM spokesman Terry Rhadigan says Camaro will be "right with Mustang on sales" by the end of June. Of course there's a lot of pent-up demand for the Camaro, so the question will be "” even if Chevy does come out on top in the month of June, will that translate into long-term sales? If the Dodge Challenger and its steady burn of sales are any indication "” Chrysler's sold 2,695 of the Dodge Challenger last month, and approximately 2,000 - 3,000 per month for the past 11 months "” it may have at least some lasting volume.

We'll have to see who comes out on top in the long-run, but at the very least, pent-up demand will likely give the Mustang a run for the money this month and maybe the 'maro will even pick up the win. We'll have to wait until Thursday to find out. [via USA Today, ChallengerBlog, GM]

30 June 2009, 4:00 am

Turning 21 can mean big changes "” new opportunities, more respect and the chance to strike out on your own. But as Nice Price or Crack Pipe knows, sometimes it can be hard to spread your wings.

Yesterday, you zombie-loving prom-goers gave the Pinzgauer a twenty-one Nice Price salute, with a solid 68% of you voting it prom queen. Today, we've going to ogle a 21 year-old, and she's a beauty too. But do you have what it takes to do her right?

With the Pontiac brand being yet another celebrity to shuffle off this mortal coil, dealers are beginning to sell off old stock. Most of the spawn of the Indian Chief honorific that you'll find standing on the lots are "˜09s or even a few dusty "˜08s, but it's unlikely you'll come across something old enough not to need a fake ID. Hinton Motors, in Lynden Washington, has been sitting on just such a sweet twenty-one year old, and not only is she of legal age, but is rocking the short skirts and some killer curves. She's got an athletic build, is probably good at sports, and her parent's must have been hippies, because they named her Fiero.

Now, by 1988 Pontiac was over the notion that the Fiero was a commuter car, and had gotten around to fixing many of the things that were wrong with the little two-seater. The craptacular suspension of the previous years was replaced with a racing-honed version that finally had proper geometry, and the rock-solid 2.8 liter pushrod V6 pumped out a healthy-for-the-time 140bhp, 42 more than the Iron Duke in the base models. New disk brakes and revised armstrong power steering also add to the desirability of this last-year for the American mid-enginer. "¨

There's a lot of '88 Fieros running around, what with over 26,000 built that year, but this one is different. What this car has been doing the past 21 years is a mystery, but we can tell what it wasn't doing was racking up the miles - there's only 221 on the clock. It's possible that, like many a young lass, her parents kept her in a convent or stuffy boarding school during those formative years, meaning that, now of legal age, she's ready to break free and cut loose. And you could be the one to help her out of her shell.

Of course, putting miles on a 21 year-old, 221 mile car is like taking a dump in a Ming Dynasty vase- sure you can do it, but it wreaks havoc on the resale value. So, the best thing would be to find a warm, dry spot in the garage, and make her comfortable. Every now and then go out and tell her she looks nice, and no, that spoiler doesn't make her butt look too big.

Eventually, as seals shrivel, and fluids dry up, she'll grow old, tired, and incontinent. 21 will turn to 30, and then, before you know it, 45, and she'll wonder where her life has gone. She'll pine for the freedom of the open road that, for so long, has been denied her, and will lament that she never met the right person who loved her for what she was deep down inside- a fun-loving sportscar- rather than people who only were attracted to her for her looks. Sure, she still has had only a few cranks on the odo, but there's more to life than what those numbers exemplify, and now, tires rock-hard, and ball-joints frozen, all that has passed her by. There she sits, under the incessant hum of the cold, unflattering florescent garage lights, only occasionally allowed out to stretch her legs, but never for more than a day, and then back to the dark confines of her cage, and under the smothering blindfold of her tight, confining car cover. It's not the life she had imagined for herself. Or would ever wish on even her worst enemy.

It doesn't have to be that way. $40,000 is a lot of Clamato for a twenty one year old, but not if you are in it for the long haul. This is a unique opportunity, a time capsule to make up for past mistakes, a chance to catch that one that got away. Pontiac got the Fiero right by '88, and then condemned her to the ignominy of spending the rest of her life possibly wearing poor-fitting, faux Italian fashions, or worse, and eventually a slow, painful death of junkyard violations and her plastic body warped and faded by the unrelenting sun.

But you can make her an honest woman, and give her everything she needs for a life filled with joy- an open road, a heavy right foot, and the promise always to take care of her, miles be damned. Are you ready for that kind of commitment? The challenge of a life together seems daunting, she comes from a broken home after all. But even more intimidating is that dowry - forty-large. Do you think that's a Nice Price for a life of highway hijinks with such a lithe, pretty young thing? Or do you think she's smoking the Crack Pipe if she thinks she can get you to the church for that kind of scratch?

You decide!

Nice Price or Crack Pipe: 1988 Pontiac Fiero GT for $40,000.(survey software)

Hinton Motors or go here if the ad gets found out by its oppressive parents. Hat tip to Mustang05_awesome!

Help me out with NPOCP. Click here to send a me a tip.

22 June 2009, 9:01 pm

In honor of the Transformers 2: Revenge Of The Fallen robogasm, we'll have special coverage starting midnight-plus-one tomorrow night at the Transformers 2 tag. You won't want to miss it. Unless of course you hate giant freakin' robots. And America.

18 June 2009, 10:00 am

Last week brought the first test of Hennessey's newest powerhouse, the HPE550 Camaro. This week brings enough new pics and details to make even the most gentlemanly of men hoot and holler.

Hennessey's first order of business was to take a 2010 Camaro SS and massage its 6.2-liter LS3 V8 to help it pump out mo' powa. They do this by first giving the pony car a little belt-driven boost to the tune of 6 psi, helping it achieve a 2010 Shelby GT500-besting 562 horsepower and 557 lb-ft of rotational fortitude. These numbers will reward owners with a 4.1 second 0-to-60 MPH time and a run down the 1320 in just 12.1 seconds at 119 mph.

Rounding out the package is a Hennessey-designed appearance package with 20-inch rollers and Hennessey badging throughout the interior. Expect to fork over roughly $59,500 for one of the 500 Texas-tuned ponies.

17 June 2009, 3:15 pm

Is it possible to balance life with a muscle car in the Big Apple? Find out by following @raywert on Twitter as he spends a week living with a 2010 Camaro SS in New York City.

16 June 2009, 6:30 am

A recent poll of 1,700 users of the automotive site CarGurus concluded the brand they'd most like GM to save (despite these) is Pontiac "” the brand GM will kill. GM just can't win, can they? [CarGurus via AdAge]

15 June 2009, 3:20 pm

We heard of the muscle car wars possibly spilling into the Busch Nationwide Series back in 2007, and guess what? The Ford Mustang and Dodge Challenger are still being submitted for approval to race in the 2010 NASCAR season.

[FoxSports]

Photo Credit: Motive

15 June 2009, 2:30 pm

This heavily-modified notchback Mustang, participating in the Byron Dragway Wheelie Contest, saw trouble hit when the spectator stands ended and the crosswind whipped the 'Stang right off its wheels. And let's be clear, that ain't no stock suspension. [LS1Tech]

15 June 2009, 1:00 pm

Some troubled soul accosted a Pontiac Sunfire with lumber and plaster for this junkyard-bound "Lamborghini Murcielago." Believe us when we say this horror show raises the bar on fake super cars in every way imaginable. We dub thee the Flim-Flamborghini!

This tale of vehicular terror comes to us from a junkyard on Montreal, where our tipsters kids were rummaging around for God-knows what when they stumbled on this stupendous monster, where we're told:

This was spotted in a local Junkyard near Montreal Qc by my kids. It seemed like an industrious person took a Pontiac Sunfire, some plywood, lumber, a bit of imagination and a ton of plaster to make his own Lambo! I can just imagine how the little 4 banger just died under the weight or a bewildered cop sent this thing to inspection for it to end up in the junkyard. I love the custom key hack to make it work under the Lambo skin job. That thing must have been a hit with the ladies. Feel free to use any of this original material. I enjoy and I'm addicted to your site.

Gerry :)

So it began life as a first generation Pontiac Sunfire, not a vehicle known for its good anything, and was morphed into a stomach-churning homage to the Lamborghini Murcielago. This is not new territory, it's been done by countless n'er do wells across the world, but this example is special for its breathtaking half-assery. Welding metal in place to simulate those oh-so sexy Italian curves? Pah! That's for sissies, wood is the thinkin' mans structural material. Bondo to smooth things over? E-gads no, plaster will do the trick, and lay it on thick too. As a finishing touch, slather the beast in a comely shade of p***y-magnet yellow.

It's almost a shame this rolling caution against the dangers of methamphetamines ended up in a junkyard. Soon its plaster fenders will begin to melt, the wood will rot, and the world will no longer know the wonders of this magnificent disaster. (Many thanks Gerry, for this cautionary tale)

14 June 2009, 2:00 pm

We've seen a worshipful GTO history book in this series, and now we're going to look at a book by the brilliant adman who helped create the GTO legend in the first place: Jim Wangers.

Mr. Wangers is best known for his work with GTO, of course, and the bulk of Glory Days is focused on his role in the creation and marketing of Pontiac's runaway hit version of the GM A-body. No great GTO bombshells get dropped, but the reader gets the inside story on such GTO-centric matters as Wangers' early work with Royal Pontiac to create special-edition drag cars and his role in the creation of hit song "Little GTO," a marketing coup so spectacular that Volkswagen ripped it off two decades later.



We also learn that Wangers, though he is indeed a gearhead, is first and foremost an advertising man, with all the adman's traditional disdain for hair-splitting ethical dilemmas. One of his very first promotions took place while he worked for the student newspaper at the Illinois Institute of Technology; the winner of a contest was to receive a new 1949 Ford"¦ which turned out to be a toy car ("We were accused of being cheaters, but from my point of view we had done nothing wrong. Nobody lost any money"). Of greater interest to musclecar fanatics is his confirmation of the oft-rumored "ringer" engine in the press car given to Car And Driver for their review of the new '64 GTO; sure enough, C&D really did get suckered into believing that the balls-to-the-wall 428 that moved their Goat down the quarter-mile in 13.1 seconds was a dead-stock 389 (it also helped that C&D used an old-fashioned hand-held stopwatch to determine times).
Then there's the long decline and fall of the GTO, as well as the beginning of the larger, slower decline of General Motors. We learn quite a bit about the organizational dysfunctions within GM that ultimately helped bring the company to its knees; GM lived in fear of being broken up by antitrust regulations as recently as the late 1960s, and the idea that its vast resources couldn't buy its way out of any trouble died hard on the 14th Floor.

By the mid-1970s, Wagners had his own company, Motortown, and that's the point at which Glory Days became most interesting for me. Motortown was behind such Malaise Era tape-stripe-and-spoiler hits as the Mustang Cobra II and Pontiac Can Am, but the Motortown concepts that failed to get any takers in Detroit are even better. The Boss Pinto! The SPacer AMC Pacer-based custom van!

All in all, a good read even for those who don't have any particular love for the GTO. Wangers is a pro writer, so you won't end up clutching your head in incomprehension or groaning at yet another passage in generic ghost-writerese, and you'll come away from the book with a much improved understanding of the way marketers create our cars. Four-rod rating; Murilee says check it out!
[Bentley Publishers]

10 June 2009, 10:00 am

According to the 2010 GM Product Guide, the 2010 model year Pontiac Vibe is the only model from the doomed brand for 2010 and is, therefore, the last Pontiac. That's right, the last Pontiac is actually a Toyota.

The fact that the 2010 Pontiac Vibe is surviving until 2010 may have something to do with the join production deal GM has with Toyota to build the vehicle, along with its twin the Toyota Matrix, at the joint NUMMI production facility in Fremont, California. Every other vehicle will end at the 2009 MY with the exception of the fleet-only 2010 Pontiac G6, which may or may not become a strange collector's item for those willing to search the Alamo Rent-A-Car sales lot. [GM Product Guide, Carscoop]

9 June 2009, 2:15 pm

This Ford Model A at Billetproof is the lowest vehicle we've ever seen. It's so low you can't get a foot under the frame. We're pretty sure it's being naturally clearanced. And that's just the start.

Looking over "Hell Bound" is an exercise in repeated disbelief. You can't help but shake your head and ask the question "Why?" and "How?" over and over again. Let's just lay out the things you need to notice before you fully grasp the masochistic beauty of this beast.

• Metal tractor seats mounted directly to the frame, no springs.
• There are air shocks on the back, but not the front, and the air tank is actually the transmission tunnel. Madness.
• It has lights, just but none of them are actually hooked up.
• That metal box ahead of the radiator? That's the gas tank. Not a road-tripper.
• The velocity stacks on the carbs are brass planters with the bottoms cut out.
• To get it so low, the front leaf spring is cut in a third and mounted directly to the top of the boxed frame, with bolted metal plates, then the shackle is welded under the axle. Wow.
• No front brakes.
• The horn is actually a horn.
• The gear shifter is rotary, with a metal dial indicator, how f*$king COOL IS THAT!

This comes from a truly sick and twisted mind. We looked for the guy walking around with the bleeding ears, lock-jaw, a broken back and a cane, but we couldn't find him. What would we say anyway? "You're insane and our new hero?" Perhaps "Where's the trailer for your balls?" Who knows, but this thing hits all the right buttons.

9 June 2009, 1:40 pm

Houston-based Hennessey Motorsport's new supercharged, 562 HP 2010 HPE550 Camaro gets wrung out in this first test proving that the Camaro is no longer just a redneck's play thing and more a precisely-guided patriot missile.

Hennessey Motorsport makes claim that the 2010 HPE550 will lay waste to its 20-inch drag radials via a 562 HP (at the crank), 557 lb-ft of torque blown LS3 and is capable of hitting 3.6 second 0-60 times with a stellar 11.7 @ 121 mph jaunt down the 1320, but this clip claims a 4.3 second 0-60 and a 12.1 @ 120 mph quarter-mile. Either way, this baby's quick.

Only 500 HPE550 Camaros will be built and sold via your friendly local Chevy dealer, so get a move on before someone else swipes them all up first. Color us impressed.

2 June 2009, 11:30 am

Honda saw sales decline 39.2% from record-setting May 2008 results. Ford outsold Toyota (down 40.2%) for yet another month. GM sales were down a better-than-expected 29.6% and they sold twice as many Camaros in May as Honda sold Insight hybrids. Are American automakers mounting a comeback?

Honda posted May total vehicle sales of 98,344, a decline of 39.2% compared to the automaker's all-time record-setting May 2008 results. That news, combined with Ford outselling Toyota for the second straight month and GM sales down only 29.6% indicate maybe the 'mericans have something goin' on, right?

Well, maybe not. The reality is numbers are still terrible across the board "” for everyone. People just aren't buying cars right now. So remember, even though Ford beat out Toyota "” they still saw sales drop over 21% last month.

The reason, in general, why U.S. automakers are showing a lower drop this month than their foreign competition is because in May of 2008 gas prices were through the roof and they couldn't beg, borrow or give away their trucks and SUVs.

The reason, in specific, for Ford showing higher sales is because they've got the new product "” the 2010 Mustang, Fusion and F-150 "” and it always comes down to who has the new, hot products. GM's Camaro's the #2 best-selling vehicle in the sports car segment for May because it had pent-up demand from a built-in enthusiast base looking to buy it. The Insight, on the other hand, has an enthusiast base built on the price of gas. With gas prices lower "” in comparison to this time last year "” than a tuned Corolla in sunny SoCal, the Insight's not much in the way of a value proposition.

Still, it bodes well enough for Ford to now be claiming U.S. sales will peak over 10 million this year, much better than the 9.4 million number last month. There's a long way to go before we can say we're anywhere near reaching the exit of this carpocalyptic hell "” for either foreign or domestic automakers. But signs seem to point to us finally hitting a bottom.

Photo Credit: Justin Sullivan / Getty Images News

2 June 2009, 7:58 am

Filed under: Tuners, Coupes, Chevrolet, GM

The 1969 Camaro is one of the most iconic pony cars, and there are plenty of '69s on the road, many of which have been tweaked to provide more power than the impressive stock 427 big-block V8. However, none have been outfitted with the most powerful production GM engine in its 100-year history; the 638-hp LS9. That was true until the Jackass was completed.

The Jackass was constructed by GM engineer and Pro Touring stud Mark Stielow in 20 months. And the modified '69 Camaro is more than just a supercharged V8. Stielow added the wheels, tires, and carbon ceramic brakes from the ZR1, along with an Art Morrison subframe and a Tremec T56 tranny from a Dodge Viper. The result? 511 horsepower at the rear wheels, and a price tag that surpasses a loaded ZR1. While that's quite a bit of coin, but someone had to do it first and it appears Stielow's done it right the first time.

[Source: Inside Line]

Jackass: 1969 Camaro gets ZR1 heart transplant originally appeared on Autoblog on Tue, 02 Jun 2009 09:58:00 EST. Please see our terms for use of feeds.

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1 June 2009, 12:30 pm

Reasons abound for GM's bankruptcy, including legacy costs, fuel prices and the conventional wisdom of East Coast media elite, but we mustn't forget in the end it's all about the cars. And frankly, some of them really sucked. Here's the ten vehicles most responsible for driving GM into bankruptcy.

Chevrolet SSR
The Chevrolet SSR was meant to capture the imagination of buyers. Unfortunately, few buyers were imagining an expensive, gas-guzzling convertible truck that, due to the size of the hardtop convertible, was basically unusable as a truck.

Saturn L-Series
The original S-series Saturn cars were meant to compete with foreign small car makers by offering unique, reliable small cars. The success of this move can be debated, but they'd at least built a following. By 2000, they'd given up on the original mission of Saturn and tried to pass off an old Opel platform as the new Saturn. It was a failure, much like the Saturn brand itself. At best, Saturn did succeed in crushing its domestic small car competitor Geo... another company owned by GM.

Hummer H2
The popularity of military Humvee conversions convinced AM General to make a civilian version called the Hummer. Low gas prices and a strong economy convinced GM to buy the rights to build Hummers and create a more civilized version based on an existing GM platform. Dealerships were opened and, initially, sales were good. But when gas prices started to rise the idea of spending $65,000 for a truck that gets 10 MPG seemed ridiculous and the Hummer brand came to represent everything wrong with U.S. automakers.

Subaru 9-2x "Saabaru"
GM thought it would be a great idea to join Ford in buying another European automaker. Just as Volvo hasn't particularly worked out for Ford, Saab transformed from quirky to boring quickly. Needing a sporty model, they combined the Subaru WRX (GM owned about 20% shares of Subaru) with a Saab badge and the "Saabaru" was born. Like the WRX, it was a great performance deal and fun car. But it was the representation of a company with an unclear mission.

GMC Envoy XUV
GM spent millions developing a "midgate" system for their Envoy SUV, which would allow the vehicle to be transformed from an awkward truck to an awkward SUV using an expensive and complex retractable rear roof. GM expected approximately 30,000 people would need an SUV to double as antique furniture transport. They were off my almost as much as a third and it was discontinued after two years. This is what they did instead of building a small car.

GM B-Body
The problem with badge-engineering is sometimes it works. The 90s-era GM B-Body vehicles were successful and people ended up buying the Oldsmobile Custom Cruiser, Buick Roadmaster, Cadillac Fleetwood Brougham, Chevy Caprice and Chevy Impala SS. Unfortunately, it was a dilution of brand missions and only perpetuated the company's problems rather than solve them.

Cadillac Escalade EXT
The Cadillac Escalade gained popularity and notoriety among celebs, at least until the Prius became cool. As popular as the Escalade was, the company decided to make a truck version. This was the truck version of an SUV based on a truck platform for luxury buyers, who never wanted or needed a truck in the first place. It's yet another example of GM building more trucks at the expense of passenger vehicles.

GM EV-1
When the California Air Resourced Board required automakers to sell 2% of cars as Zero Emissions Vehicles most responded with electric versions of cars they already built. GM built the purpose-built EV1. It was popular despite the limited range but it cost the company more to make than they were getting in leases. After the rule was waived GM recalled the leases and canceled the program. This caused environmentalists to go nuts and blame GM for killing the electric car. It was an image disaster.

Pontiac Aztec
The Pontiac Aztec was one of the first major crossover vehicles brought to market in the U.S. It's combination of car-like handling and fuel economy with SUV-like space and aggressive appearance. The concept was a hit and now most automakers are shifting towards crossover. The Aztec was a massive failure. It was an attractive idea in an amazingly unattractive shell. It failed almost entirely based upon its appearance.

Chevrolet Pontiac Aveo G3 Wave This is your subcompact offering? Really? American car companies have had little success with building small cars, but the Korean-designed Chevy Aveo is among the worst. It's too small. It's ugly. It's not comfortable. It's not well-designed. It's not overwhelmingly fuel efficient for its size. It's so bad, the only thing a struggling GM could do with it was try and make a version for Pontiac called the G3 Wave so Pontiac dealers would have a small car. When you've got a bad hand, you don't double down.

1 June 2009, 11:30 am

This could be the first 2010 Chevy Camaro to be the victim of wheel theft. Even worse, the bad guys weren't even nice enough to leave it on blocks. All this for 18s?

Police investigating the crime found the jack from a Range Rover under the car and a brief recce turned up a wheel-less Rover nearby. The thieves apparently used the jack, in addition to two others, possibly resulting in the unintentional collapse as the wheels were removed.

The driver, an engineer driving the car for evaluation, fears he left the car unlocked in his driveway over night. It looks like he actually lives in a nice neighborhood. Is this what greater Detroit is like now? [via Camaro5]

1 June 2009, 10:29 am

Filed under: Time Warp, Sports/GTs, Videos, Chevrolet

It's a classic case of old versus new, classic versus current, father versus son. A 1968 Chevy Camaro RS/SS lines up against a 2010 Camaro with the same options packages. According to the comments on YouTube, the '68 is anything but stock, with a 406 cubic inch small-block V8 mated with a five-speed manual Tremec transmission and a 3.73:1 posi rear end. This powertrain combination helps level the odds against the newer and more powerful (in stock form, at least) 2010 model, though we can't say if the new car has is fitted with a six-speed manual or automatic transmission.

In any case, the race is a close one and, as often is the case with such feuds, the winning driver is probably the one that can make the best use of the available traction. Speaking of which, racing cars out on public roads is never a good idea - even if there isn't any other traffic - and posting the law-breaking antics on YouTube probably isn't a particularly smart move either, given that the authorities seem to be combing the website for lawbrakers these days. In any case, click past the break to watch it all go down on video. As an added bonus, we've included a second video of the same 2010 Camaro lining up against a 1972 big-block Chevelle. Thanks for the tip, Khanh!

[Source: YouTube]

Continue reading VIDEO: 2010 Camaro RS/SS drag races its 1968 counterpart... on a bridge?!

VIDEO: 2010 Camaro RS/SS drag races its 1968 counterpart... on a bridge?! originally appeared on Autoblog on Mon, 01 Jun 2009 12:29:00 EST. Please see our terms for use of feeds.

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29 May 2009, 3:30 pm

When we told you how to protect your gas tank we offered up-armoring as a solution. It looks like this guy took us seriously.

A gigantic armored vehicle filling up at a tiny, civilian gas station is visually amusing. Now it's time for you to add the words to take it to the next level. Caption away! Photo Credit: Sean Gallup/Getty Images

28 May 2009, 2:02 pm

Filed under: Trends, Government/Legal, Earnings/Financials, Rumormill

Despite today's word of coming to terms with its major shareholders on a debt-for-equity swap, Bloomberg is reporting that General Motors will join Chrysler in filing for Chapter 11 bankruptcy on Monday. The move is widely expected, but the news agency is adding a bit of flesh to the story, suggesting that what promises to be the third-largest bankruptcy in U.S. history (after Lehman Bros. and Worldcom) will indeed result in the sale of most of the automaker's assets to a new company (likely the oft-discussed "Good GM"). GM's worldwide assets have been reported to be $91 billion against a total liability of $176.4 billion as of December 31.

A suggested location of the possible bankruptcy filing has not been disclosed. More details in the link below.

[Source: Bloomberg News | Image: Bill Pugliano/Getty]

Bloomberg says GM to file for Chapter 11 bankruptcy on Monday originally appeared on Autoblog on Thu, 28 May 2009 16:02:00 EST. Please see our terms for use of feeds.

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