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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.

Honda recalls sedans for power-steering issue

Honda has expanded a recall of the Honda Accord and Acura TL sedans that now affects more than a half-million vehicles for a problem with hoses that connect the power steering. Honda says that prolonged exposure to high temperatures could cause the power-steering hoses to crack. The fluid could leak onto a hot catalytic converter, leading to a fire.

Elon Musk talks sense on Tesla Model S Fire

Elon Musk talks sense on Tesla Model S Fire We’ve never pretended we’re fans of the electric car as a replacement for mainstream ICE cars; the technology is just too expensive to be viable. But we do see a good case for electric city cars, electric delivery vehicles that work in a confined area and electric taxis in cities. But you can add to that list luxury cars fitted with an electric powertrain where the cost of the technology can be absorbed more easily by a much higher list price.