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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.

November auto sales jump 17 percent as market gains strength

U.S. car and truck sales jumped 17 percent last month, raising hopes the industry will end 2010 on a high note while creating momentum for the new year. Light vehicle sales rose to 873,407 units in November, for the market's 11th advance in the past 12 months.

Texas man takes Bugatti for a swim

What do you get when you mix the fastest production car in the world and a distracted driver? A waterlogged Bugatti Veyron. A driver in Le Marque, Texas, was taking his 16-cylinder, 250-mph supercar for a drive on the back roads.