Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.

Nissan launches new model avalanche

Nissan president and CEO Carlos Ghosn plans 60 new models By Tim Pollard Motor Industry 14 May 2008 10:32 Nissan will launch 60 new products in the next five years, the company’s latest business plan reveals. And it'll need every new model it can lay its hands on, amid a profit warning and a 30 percent collapse in profits this year. The company certainly loves catchily titled grands projets; following hot on the heels of the Nissan Revival Plan, Nissan 180 and Value-Up, it’s now announced the Nissan GT 2012 plan – spelling out the company’s strategic aims for the next five years.

Car April Fools Stuff – to Infiniti & Beyond

BMW release PRAT roundels for the UK General Election There were so many April Fools stories running around yesterday from car makers we really didn’t want to spend the day regurgitating press releases designed to demonstrate car makers’ normally well-hidden sense of humour. But some were well-conceived so we thought we should bring you a few, just so you know what went on. BMW in the UK decided to be topical and issued a press release telling is they were offering their Political Roundel Attachment Tag, which would offer the BMW Roundel in colours to suit owners’ political persuasion in the run-up to the General Election.