2001 Oldsmobile Alero Radio Trim Dash Bezel 2543556 on 2040-parts.com

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

Opel to revive Monza line with Frankfurt-bound concept

Opel will unveil a new concept aimed at reviving the Monza line at September's Frankfurt motor show, according to reports emerging from Germany. The concept is believed to be a large coupé showcasing the brand's latest in lightweight materials and in-car technologies. Details are scarce, but it is allegedly based on a shortened Cadillac ATS platform with a rear-wheel drive layout and will include a range of four- and six-cylinder engines with displacements between between 2.0 and 3.6-liters.

£2m McLaren P1 GTR for Pebble Beach

McLaren McLaren will show its new P1 GTR – pictured here for the first time in an official teaser shot above – at the Pebble Beach Concours d’Elegance car show next month. The P1 GTR will feature a number of circuit-biased modifications – including a 1,000hp engine – and will cost £1.98 million. McLaren P1 GTR: track-focused modifications The GTR is based on McLaren’s P1 hybrid hypercar, itself designed not to be the fastest, but the most focused, involving and advanced driver’s car there is.