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Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

SEAT Leon Cupra 2014 first details and specs

SEAT There is a new SEAT Leon Cupra hot hatch coming in 2014 – and MSN Cars has been privileged enough to see it, ahead of the official unveiling on 8 January next year. The bad news is that there are no official pictures at this stage, so you’ll have to make do with the power of your mind and the details we have noted down to share with you. On Bing: see pictures of the 2014 SEAT Leon CupraFind out how much a used SEAT Leon Cupra costs on Auto Trader What is the new 2014 SEAT Leon Cupra?

Pick up a twelver for the tired cat, wouldya?

The timeworn solution to quelling the finicky (read “expensive to repair”) Jaguar V12 has been to swap the British unit with that eight-pot testament to midcentury American ingenuity, the Chevrolet small block. We've seen an '80s-era L98 in a Lamborghini Espada. We've borne witness '90's-era LT1s in all manner of things.