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GM cancels Opel Vauxhall sale to Magna
Tue, 03 Nov 2009By 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.
2011 Volkswagen Jettas to be sold for $5,995 each--really
Tue, 14 Dec 2010Volkswagen is selling three 2011 Jettas through Gilt Groupe for $5,995--slashing the “1” from the usual $15,995 starting price. One car will be sold at noon Eastern time for three days starting on Dec. 15 in the flash sale.
MINI Countryman Review & Road Test: MINI Countryman Cooper D All4 (2011) Part 2
Tue, 22 Feb 2011MINI Countryman Cooper D All4 - Style over substance? It seems incongruous at first, this MINI Countryman. It’s as if BMW has sent their MINI off to beef-up for its new role as a mover of stuff and people.
