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GM cancels Opel Vauxhall sale to Magna

By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.

European Parliament: electric cars must make noise

The European Parliament has voted in favour of a European Commission proposal to decrease the maximum allowed noise for new cars, vans, trucks, buses and coaches, in an effort to reduce “vehicle noise nuisance” by 25%. At the same time, the EU has voted in favour of a proposal to force carmakers to fit electric and hybrid electric vehicles with a sound generating device, to improve low speed safety for pedestrians and the visually impaired. On Bing: see pictures of electric cars Find out how much a used electric car costs on Auto Trader The proposed changes, which are expected to become law, would see new car noise levels reduced by four decibels, commercial vehicle noise levels reduced by three decibels.

Nissan to pull Infiniti production out of Japan to counter strong yen

The high value of the yen will prompt Nissan Motor Co. to shift production of Infiniti vehicles out of Japan to other locations, Nissan CEO Carlos Ghosn said. "You won't have to wait a long time before we make a decision about the new base for sourcing of Infiniti," Ghosn told a group of reporters April 4 during the New York auto show.