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GM cancels Opel Vauxhall sale to Magna
Tue, 03 Nov 2009By 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.
Now it’s the Lexus GS F-Sport and GS 450h Hybrid being teased
Thu, 25 Aug 20112012 Lexus GS-F Sport Tease - it looks more like the LF-Gh We expect car makers to tease us with their wares; it’s our own fault. As online media we’re hungry for news, and teases of forthcoming cars are news. Which is why Lexus teased us with the 2012 GS and why they’re now dragging that out to include the new GS F-Sport and the GS 450h.
New Bentley to be revealed Sunday
Fri, 14 Aug 2009The new Bentley is set to break cover--and its name will be revealed Sunday at the Pebble Beach Concours d'Elegance. Come back to autoweek.com around 3 p.m. Eastern time for the latest on this new British luxury liner.