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GM cancels Opel Vauxhall sale to Magna
Tue, 03 Nov 2009By 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.
Lamborghini LP700-4 (2011): the rolling chassis
Wed, 23 Feb 2011Lamborghini continues the long drip-feed on the new V12 supercar replacement for the Murcielago with this first picture of the carbonfibre rolling chassis. In this week's edition of motor show teaser photography, Lamborghini has started with a naked LP700-4 chassis, prior to next week's reveal of the fully clothed new V12 supercar. You can clearly see the new pushrod suspension, the carbonfibre chassis, subframes snd the suitably enormous wheel and tyre package. None at this point. CAR's Gavin Green has driven one of the prototypes (see the January 2011 edition) but it will be at next week's 2011 Geneva motor show where the world gets its first clear look at the new Lamborghini.
Vauxhall: Ellesmere Port plant saved – 700 new jobs created
Thu, 17 May 2012Vauxhall Ellesmere Port - Saved General Motors is to keep Vauxhall’s Ellesmere Port open, move to three shift working and create 700 new jobs. The overcapacity of mainstream car manufacture in Europe as the market becomes ever more polarised between premium and budget cars – squeezing the middle – means car maker having to rationalise their output. Many thought that could mean the end of Vauxhall’s Ellesmere Port as GM sought to stem its European losses (around £2 billion in the last three years), especially as it is easier to close plants and lay off workers in the UK than in mainland Europe.