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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.

Nissan UK Battery plans confirmed

Nissan - the Renault Nissan Alliance - has confirmed plans for car battery production in the UK and Portugal The aim of the battery production plants is to supply batteries for electric cars built by the Renault Nissan alliance, but Nissan haven’t actually said that they will build any electric cars in the UK. Hmm. The target production is 60,000 annually to be used in a range of Nissan and Renault electric cars that will start to hit the market next year (2010) – in the US and Japan – with full global roll-out by 2010.

Ford Mustang 50 Year Limited Edition revealed – unlikely to make the UK

The Ford Mustang 50 Year Special Edition The Ford Mustang is a very big deal in the US, so it’s no surprise Ford are producing a special model to celebrate the launch of the first Mustang in 1964. The Ford Mustang 50 Year Limited Edition – yes, it does what it says on the tin – is based on the 2015 Mustang GT Fastback with Performance Pack and a choice of just two colours - Wimbledon White (the one in the photos) or Kona Blue – with either a manual or auto gearbox. Nods to the original design include chrome bezels round the bottom of the tail lights, a fake fuel filler cap on the back and louvered rear quarter windows.