Fuel Consumption Module Mitsubishi Eclipse Spyder 2.4l Non Turbo 1996-1999 on 2040-parts.com

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.

Ssangyong e-XIV EV Concept at Paris 2012

Ssangyong are continuing their concept offensive with the e-XIV EV Concept, a range extender compact SUV. Mahindra seem intent on turning Ssangyong from the Lada of Korea in to another South Korean car maker to be taken seriously. We’ve recently seen a big push for the Korando SX, with Ssangyong pitching it hard against the competition as the cheapest way in to a compact SUV, and at the Geneva Motor Show earlier this year we had a concept pointing to the next generation compact SUV from Ssangyong with the convertible Ssangyong XIV-2.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.