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GM cancels Opel Vauxhall sale to Magna
Tue, 03 Nov 2009By 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.
One Lap of the Web: Hemi history, vintage Audis and Detroit Grand Prix
Thu, 16 May 2013We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. -- Watch a Pontiac Grand Am meet its demise as Pennsylvania sanitation workers crush it with a garbage truck.
New Nissan Terrano is a rebadged Dacia Duster
Tue, 11 Jun 2013The new Nissan Terrano (pictured) is a rebadged Dacia Duster The Dacia Duster SUV has been taking Europe by storm for several years with its combination of cheapness, ruggedness and a surprising ability to do its job. In tough economic times budget buys are a big seller, and with the Dacia Duster SUV costing from just £8995 (although you’ll need to pay more for a 4WD version) Dacia have been able to sell as many as they can build. That meant the UK and Ireland having to wait for the Duster to arrive until capacity could be found in India to build RHD versions, and now it seems Nissan are about to utilise its production facilities in Chennai to turn out a new Nissan Terrano that is actually a rebadged Dacia Duster.