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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.

Barclays bids bye-bye to 'Boris Bikes'

BARCLAYS is to end its sponsorship of the so-called Boris Bikes, introduced by London Mayor Boris Johnson to the capital in 2010. The bank's logo has adorned the blue cycles since their introduction three years ago.But Transport for London (TfL) will be forced to look for a new sponsor after Barclays announced plans to discontinue with the deal at the end of its contract in 2015. The bikes were launched amid much fanfare in August 2010, with nearly a million journeys made within the first 10 weeks of the scheme being rolled out.

Video: Aston Martin design chief on new Rapide

CAR recently caught up with Aston Martin design chief Marek Reichman – on board one of the first Aston Rapides to be built. You can watch our video interview in the player below, as CAR contributor Guy Bird interviews Reichman. He talks about the new Rapide, and why it shouldn't be seen as a rival for a Merc S-class or even a Porsche Panamera, the crazy new Cygnet – a Toyota iQ by Aston Martin – and the new million-pound One-77 hypercar.