Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

Morgan Lifecar and Geneva show stars

By Ben Pulman First Official Pictures 28 February 2008 13:49 Morgan will line up at the 2008 Geneva Motor Show with its most impressive range of cars ever. The Lifecar concept, the first production AeroMax, a revised Aero 8 and a new 4/4 will all feature. The Lifecar is easily the most technically impressive.

Mopar Muscle Ram takes off at Monster Jam

Chrysler Group service and parts brand Mopar is entering the Monster Truck Racing Series with a new toy, the Mopar Muscle Ram monster truck. The series starts with Monster Jam on Jan. 11 in Detroit.