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Newsflash: Magna 'agrees to buy GM Europe': latest news
Fri, 29 May 2009Latest 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.
VW Touareg BlueMotion Hybrid for Detroit
Thu, 12 Nov 2009VW are revealing the 2010 Touareg at the Detroit Motor Show including a BlueMotion Hybrid VW are taking the whole ‘Eco’ game seriously. They are rolling out ‘BlueMotion’ versions of cars across the range at regular intervals, the most recent being the sub 100g/km Golf BlueMotion. But most of these are tweaks to the suspension, aerodynamics and ECU of existing diesels to coax the best returns on emissions and economy.
Poll finds electric car 'confusion'
Thu, 10 Oct 2013CONSUMER confusion is the main reason why electric car sales have failed to spark, according to a survey of motorists. Lack of understanding about the practicalities of electric cars is deepest among those keen to buy one, the survey by market research company GfK Automotive found. Just 8% of the 3,161 motorists polled said they would definitely or probably buy an electric car at some stage.