GM REPAYS THE $ 8.1 BN LOAN TO US AND CANADA

Surprised!! even I am!! General motors has paid out the bailout package of  $8.1 bn  to US and Candian Governments showing the signs of strong recovery from recession last year. Since the recession, it was speculated that it would atleast take 5-7 years for global automotive industry to recover from this depression but GM has surprised us all repaying this loan 5 years ahead of schedule.

GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year.

SIX NEW MODELS BY FERRARI BY 2013

A lot is going on in FIAT`s pit these days, In midst of grand resurrection Fiat has unveiled its plans for Ferrari. Six new models or model variants have  been lined up for launch before 2013. It includes a new Enzo hypercar and a hardcore version of the 458.

First in the line is a variant of 458 Spider, the convertible version of the 458 Italia that replaces the outgoing F430 Spider, which is due in 2011. The year 2011 will see another Ferrari on the road that is V12-powered 612 Scaglietti codenamed F151, a four-seat grand tourer that is said to feature the first road-going implementation of the company's KERS hybrid drivetrain.

FERRARI`S FASTEST MACHINE ON ROAD!! THE 599 GTO OFFICIAL SPECS

With roaring speed of 208 Mph 599 GTO will be the fastest road car ever built by Ferrari. Set to make its debut in 2010 Beijing Auto show later this month, company released its official photos and technical specifications on Thursday.

The most important thing about Ferrari`s latest toy is -it will be produced as "limited edition" only for 599 customers who seek the maximum expression of high-performance driving.