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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.

Enormous Jaguar sculpture graces Goodwood

A 91-foot sculpture of the Jaguar E-type serves as a striking centerpiece for this year's Goodwood Festival of Speed in the United Kingdom. It took 10 days for a bridge-building company to install the 330,690-pound statue in front of the Goodwood House. That is the weight equivalent of 122 life-size copies of the Series 1 E-type.

BMW Gran Lusso Coupe Pininfarina teased

Does that mean the Gran Lusso previews a new 8 Series from BMW? Probably not, any more than last year’s BMW Zagato Coupe from Villa d’este spawned a new BMW, but it’s an interesting idea to revive a big V12 coupe when the rest of the car world is downsizing. BMW aren’t giving much away about the Gran Lusso beyond these few photos, but it’s clear from those tease photos that it has a makeup similar to the 8 Series, with a long nose, two doors and swooping coupe roofline.