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GM cancels Opel Vauxhall sale to Magna

By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.

BMW X4 Confirmed

BMW X4 Sketch There’s been talk about producing a little brother for the BMW X6 since… well, since the BMW X6 turned from a ‘They’ll never build that’ to ‘The’y'll never sell that ‘ to ‘Blimey, that’s selling well’. And with the world seemingly obsessed by frugality, smaller versions of successful models are inevitable. We last brought news on the BMW X4 in April when our sources were telling us that BMW were close to signing off production of the X4.

Reliant Robin now a classic vehicle

THE RELIANT ROBIN, a vehicle popularised by Del Boy Trotter in the Only Fools And Horses TV show, is now classed as a classic vehicle thanks to changes in the Budget. Chancellor George Osborne announced that a rolling 40-year vehicle excise duty (VED) for classic cars will come in on April 1 this year. Until now, only cars built before January 1 1973 were exempt from VED.