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GM shifts gears, will keep Opel
Tue, 03 Nov 2009General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.
News watch September 2011: today's auto industry news
Fri, 30 Sep 2011Come to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 30 September 2011• Toyota and Honda have both returned to full production after Easter's disastrous earthquake. September car sales will be released next week, and Bloomberg predicts a rise to 12.8 million seasonally adjusted annual rate (Bloomberg)• The US now predicts a slightly smaller 2011 full-year sales total.
Ascari A10 (2007): first official pictures
Thu, 26 Oct 2006By Jason Golembo First Official Pictures 26 October 2006 05:20 Ascari A10: the lowdown Ascari has unveiled a lightweight version of its KZ1 supercar, which it claims is a British rival for the Ferrari FXX. With 625bhp on tap and a kerb weight of around 1200kg, the new supercar is claimed to despatch the 0-60mph in 2.8sec – just 0.3sec slower than a Veyron. Just 50 A10s will be built in Ascari's Banbury plant, with only ten going to UK homes.