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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.
New BMW 7 Series priced from £58,115
Sat, 26 May 2012New BMW 7 Series costs from £58k The facelifted BMW 7 Series will arrive in the UK in September and cost from £58,118 for the 730d rising to £104,050 for the 760Li M Sport. We had the reveal of the new BMW 7 Series (well, a facelift) earlier this week, but what we didn’t have was an arrival date in the UK or any prices. But now we do.
German Grand Prix (2012) RESULT
Sun, 22 Jul 2012With Alonso on pole and Vettel alongside – and rain in the air – is the 2012 German Grand Prix going to be Silverstone repeated? Qualifying for this year’s German Grand Prix in Hockenheim was a rather damp affair, with final qualifying run in a monsoon. A monsoon that saw Fernando Alonso put his Ferrari on a convincing pole with the Red Bull of Sebastian Vettel alongside.