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GM board will again delay decision on Opel's future, report says
Tue, 08 Sep 2009General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.
Who's Where: Moray Callum to head Ford Americas Design
Wed, 01 Apr 2009Moray Callum has been named Executive Director for Ford Americas design effective May 1, 2009. He will be taking over the position from Peter Horbury, who has been appointed to replace Steve Mattin at Volvo Cars. In his new role, Callum will be charged with leading the design for all cars and trucks designed in Ford's North and South America studios, as well as guide the design of Lincoln and Mercury products.
Lamborghini Gallardo LP560-4 Spyder revealed
Thu, 20 Nov 2008The Lamborghini LP560 has been with us for a few months now, so bang on cue Lamborghini has announced the convertible version – The Lamborghini Gallardo LP560-4 Spyder (what a mouthful – I think we’ll just stick with ‘LP560′). The Spyder version of the original Gallardo was always one of our favourites. It gave away so little to the hard-top version it really made sense to have the convertible – a rare thing with a performance car.