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Newsflash: Magna 'agrees to buy GM Europe': latest news
Fri, 29 May 2009Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.
First Sight: Citroën C4
Fri, 16 Jul 2004The Citroen C4 is a new car that shall be formally unveiled at the Paris Motor Show in September as the replacement for the Xsara that has been quietly competing in the European C-class for six years. The C4 was previewed in Geneva with the C4 Sport (a WRX themed concept car based very closely on the production 3-door C4) and less directly with the C6 Lignage Citroen concept car of Geneva 1999 which introduced many of the new car's exterior and interior design themes on a larger vehicle concept. Sitting between the C3 and C5 in Citroen's range, the C4 platform will also be shared by Citroen's partner Peugeot for the 307 replacement.
Opel/Vauxhall teases Cascada mid-size convertible
Wed, 05 Sep 2012Opel/Vauxhall has given us a sneak peek of its new mid-size convertible, the Cascanda, which effectively replaces the Astra Twin Top. The Cascanda features a full-size fabric roof that can be opened or closed with one button up to speeds of 30mph and is the latest model to shun a folding hardtop in favor of the lighter and more practical soft option. The company claims this is its first D-segment cabrio for more than 70 years but, unlike them, we haven't forgotten the Cavialier Convertible of the 1980s (see pic).