Global Parts Distributors 9632590a A/c Compressor on 2040-parts.com

GM shifts gears, will keep Opel

General 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.

Autoweek in review: We meet LaFerrari, Corvette Stingray convertible at Geneva motor show

Monday morning was bustling at One Autoweek Tower, as information on debuts from the Geneva motor show flooded our inboxes. Important debuts included the Corvette Stingray convertible, Lamborghini Veneno and 2014 Porsche 911 GT3. Tuesday, we focused on Geneva as the Alfa Romeo 4C,Spyker B6 Venator concept and Ferrari LaFerrari exotic supercars were revealed.

Koenigsegg planning an entry-level car – but it’ll still cost £500k

Koenigsegg are planning an entry-level car at half the price of the Agera R (pictured) Think of the cars that Christian von Koenigsegg has made since he started with the CC8S in 2002 and you think of them as extremes of the supercar genre; the Swedish engineering take on the bloated and massively complex Bugatti Veyron. Christian’s men in a shed in Sweden have gone on to make a series of progressively quicker and more impressive supercars, through the CCR, CCX and the Agera and on to the current most extreme iteration – the Koenigsegg One:1. But it looks like Christian has decided that his ambition to create the world’s greatest hypercar leaves room for a ‘Lesser’ Koenigsegg, a car that still has innovative engineering and extreme performance but comes at a lower price.