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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.

Koenigsegg Agera R: Official

Koenigsegg Agera R - confirmed for Geneva We discovered last month that one of only two Koenigsegg Agera’s so far delivered had been turned in to a Koenigsegg Agera R – with extra horses and extra Koenigesegg goodness – for a member of the Oman Royal Family. After a few phone calls we were also able to exclusively reveal that Christian von Koenigesegg liked what he’d done to the Agera so much, the Koenigsegg Agera R was to be turned in to a production model and would turn up at the Geneva Motor Show. And so it is.

Autoweek in review: What you may have missed

Rain fell all week at One Autoweek Tower, and the breaking news didn't let up, either. Things started out busy enough on Monday with Bugatti losing its top-speed record and the trailer of Ron Howard's new film, “Rush,” hitting the Web. On Tuesday we paid homage to Distracted Driving month by recounting the touching story of a Kansas State Trooper who has witnessed a variety of tragic scenes -- many resulting from distracted driving.