1969 427 Block on 2040-parts.com

GM board will again delay decision on Opel's future, report says

General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.

Agnelli family member to become Fiat chairman

Fiat S.p.A. said that Agnelli family heir John Elkann will become chairman and that Italy's biggest carmaker will separate its car-making business from trucks and tractors. Elkann, 34, is the grandson of former chairman Giovanni Agnelli and is vice chairman and head of the family's holding company.

Volvo Flywheel KERS Hybrid cuts fuel consumption by 25%

Two years ago we reported that Volvo were testing a clever hybrid Flywheel KERS system for road cars and hoped it would prove to be a good way to make road cars more economical. And it seems it does. The Hybrid Flywheel KERS system Volvo has developed weighs only 6kg, has a diameter of just 20cm, is made of carbon fibre, sits in a vacuum and is located on the back axle and works by recovering energy under braking which is then stored for use when the car moves off.