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Vauxhall Insignia wins European Car of the Year 2009

By Tim Pollard Motor Industry 17 November 2008 11:32 Vauxhall/Opel has scooped the European Car of the Year gong – by a single point. The results, announced today, were another surprise in the 44-year history of CoTY, as the Insignia pipped the Ford Fiesta and pushed the VW Golf into third place. The full results for Car of the Year 2009 are: • 1st Vauxhall Insignia, 321 points• 2nd Ford Fiesta, 320 points• 3rd VW Golf, 223 points• 4th Citroen C5, 198 points• 5th Alfa Romeo Mito, 148 points• 6th Skoda Superb, 144 points• 7th Renault Megane, 121 points The win is a lift for GM, which is struggling with cashflow problems in Detroit.

2014 Beijing Motor Show: weird and wonderful Chinese cars

The Chinese auto industry might not be the most important in the world yet, but it’s getting there. It’s already the top market for a large number of top-tier brands like Mercedes-Benz, and the industry has progressed to the point where companies including Nissan are setting up brands specifically to cater to the needs of Chinese buyers. But as far as Chinese brands go, things are very much a work in progress.

Volkswagen hits back, weighs making a bid for Porsche

Volkswagen is considering an audacious reverse-takeover bid for its majority shareholder, Porsche, in a twist in the drawn-out struggle for control between the two German carmakers. The Volkswagen Group's supervisory board is said to be weighing the possibility of purchasing Porsche AG, in a move that would relieve its holding company, Porsche SE, of massive debt that industry analysts suggest the company may not be able to fund should the world's financial crisis drag on well into 2010--a scenario put forward this week by the International Monetary Fund. The secret plan emerged as shareholders were set to convene at Volkswagen's annual meeting on Thursday, and it comes after Porsche revealed that it is carrying some 9 billion euros ($11.73 billion) in debt, most of it owing to interest on loans taken out to purchase its 50.8 percent stake in VW.