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Analysis: why GM is pulling Chevrolet out of Europe

The news that Chevrolet is to leave the western European car market (while staying in eastern Europe and Russia) is not a huge surprise, but it provides an interesting contrast to the success of fellow Koreans, Hyundai and Kia. “Fellow Koreans?” you might say, “but isn’t Chevrolet American?” Yes and no. The Chevrolets we were getting were all made in Korea in the factories that used to be owned by Daewoo, except for the handful of Camaros and Corvettes, which were authentically American.

New VW Golf GTI: Price from £25,845

Volkswagen has revealed that the 2013 Golf GTI MK 7 will cost from £25,845 – £195 up on the old GTI – with the GTi Performance from £26,825. For the first time you’ll get a choice of power levels for the GTI, with the regular GTI getting a 2.0 litre TSI with 217bhp and the GTI Performance coming with 227bhp, gets bigger brake discs and a limited slip diff. Performance from the regular GTI is 0-62mph in 6.5 seconds and a top speed of 152mph, whilst the GTI Performance cuts that time by 0.1 seconds with both versions offering 44.1mpg official consumption with the six-speed manual ‘box.

De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.