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Geneva motor show 2009 reader reports

Geneva motor show reader reports By CAR readers Motor Shows 10 March 2009 09:30 CAR sent five lucky readers and forum users passes to give them access to the international media day on Tuesday 3 March 2009. We tasked them with blogging on the goings-on during press day – and to deliver their verdict on the key cars and themes of the Geneva motor show 2009. So what did the competition winners think?

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

Ford increases UK Car Prices

Ford is to increase UK Car prices by an average of 3.75% as a result of the weak pound You can’t blame Ford – it has to make a living, and things are tough enough for car makers at the moment without suffering at the hands of unstable currencies. Ford reckons that the movement in the Pound against the Euro in the last yaer or so has cost it nine figures on its UK income. Big money, no question.