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Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.

Bugatti Veyron 16.4 Super Sport hits 268 mph

Bugatti is claiming a new production-car top-speed record with a combined two-run average of 267.9 mph (431.072 kph) with a new Veyron 16.4 Super Sport model, smashing the 253.76-mph record set by a standard Veyron 16.4 in 2005. It also betters the existing world-record mark of 256.23 mph (412.28 kph) established by Shelby SuperCars with its Ultimate Aero on a 12-mile stretch of road in Nevada in 2007. Confirming details of the attempt run under tight security at parent company Volkswagen's 13-mile Ehra-Lessien test track in late June, Bugatti says the new Super Sport set the record in the hands of its test driver, Pierre-Henri Raphanel, and under the auspices of officials from the Guinness Book of Records.

VW Golf GTI Cabriolet (2012) UK pricing announced

Volkswagen Group's march towards niche-smothering world domination continues with announcement of the VW Golf GTI Cabriolet's UK pricing and specifications. CAR brought you details of the Mk 7 Golf GTI our the April 2012 issue, but if you're looking for something summery to drive to GTI fanfest at Worthersee this year the Mk 6 GTI Cabriolet may be the car for you. VW Golf GTI Cabriolet: the topdown The sunlover's variant of the Mk 6 VW Golf GTI appeared at the 2012 Geneva Motorshow and married the tidy Golf Cabriolet soft-top bodystyle with the GTI hot-hatch mechanical and trim package.