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GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

New VW Taigun SUV Concept moves production reality closer

The latest VW Taigun Concept (pictured) debuted in New Delhi The VW Taigun Concept – a new, very compact, SUV based on up! underpinnings – first made an appearance at the Sao Paulo Motor Show in Brazil in 2012 and looked to be not only convincing, but heading for production. By spring of 2013, VW’s Klaus Bishoff was saying the Taigun would go in to production and not just for emerging markets but for the UK and Europe too.

Porsche will return to Le Mans LMP1 class in 2014

Porsche have announced their intention to return to top-level sports prototype racing in 2014, with a car to compete in the LMP1 class at the Le Mans 24 Hour race. Porsche: Most successful manufacturer at Le Mans The Zuffenhausen-based carmaker has plenty of heritage to draw upon as it enters its LMP1 car development programme. Porsche have won the Le Mans 24hr race 16 times since 1970 with racing models including the 917, 956, 962 and 911GT1.