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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.
Toyota Tundra possible recall for frame corrosion on 2000-2001 pick-ups
Wed, 07 Oct 2009Toyota may be faced with another recall a week after its largest U.S. recall in company history. The National Highway Traffic Safety Administration on Tuesday said it would investigate frame corrosion on 2000 and 2001 model year Tundra pickups.
2014 Nissan GT-R Track Edition takes off at Chicago Auto Show
Thu, 07 Feb 2013The 2014 Nissan GT-R Track Edition made its debut Thursday at the Chicago Auto Show. It joins the Black Edition in the GT-R lineup, and features rear-seat delete, among other track-focused changes. Production is limited to 150 cars for the United States market, and it will hit dealerships in May.