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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.

Top Gear presenters banned from driving in France

Top Gear presenters Jeremy Clarkson and Richard Hammond have been banned from driving in France for three months after they were caught speeding. While filming for the show’s Top Gear Christmas DVD – called ‘The Perfect Road Trip’ – Clarkson and Hammond were allegedly caught travelling at over 87mph in a 56mph limit. Jeremy Clarkson: a life in pictures Jeremy Clarkson’s most infamous quotes That means the duo were more than 50kph over the legal speed, which attracts an instant driving ban in France.

New boss plans VW revolution

By Georg Kacher Motor Industry 22 November 2006 10:00 The Volkswagen Group is set for a huge shake-up, following the resignation of chairman Bernd Pischetsrieder. Product plans across all seven marques, the group brand strategy, platform sharing and costs will all be reviewed by incoming boss Martin Winterkorn, who clinched the role following Audi's stellar performance under his leadership. CAR Online can reveal that Winterkorn is likely to rip up Pischetsrieder's brand group structure, to improve communication and efficiencies.