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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.

Land Rover Defender revised

By Ben Pulman First Official Pictures 20 March 2007 07:17 It's just the same old Defender, isn't it? It sure is, but Land Rover says it has been comprehensively upgraded. That’s good news: a replacement is some years away and the current car has roots dating back to 1948.

Chrysler may use Fiat engine system in some U.S. models

The Chrysler Group may incorporate Fiat's new MultiAir fuel-saving technology in some gasoline engines, Fiat sources say. Fiat S.p.A. considers the variable valve timing system a breakthrough.