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Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest 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.

Nissan 370Z Roadster – hot from a tent in New York!

Nissan 370Z Roadster launches in New York today from a tent [ad#ad-1] Although we’ve tagged this piece as New York Motor Show, it’s a bit hard to justify. Yes, the Nissan 370Z Roadster is being launched in New York and yes, the New York Motor Show starts in earnest today. So what’s the problem?

Land Rover considers smaller SUV

Land Rover could add a luxury SUV below the compact-sized Range Rover Evoque, the brand's design director said. "Certainly, I think we can go smaller," Gerry McGovern told Automotive News Europe when asked about future plans for the premium Range Rover line. "In a world focusing on sustainability you could argue that smaller and lighter is the way to go." Range Rover is not the only brand considering a subcompact premium SUV.