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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.
Rolls-Royce wants to make an electric Phantom
Thu, 23 Oct 2008Rolls-Royce boss Tom Purves has revealed he wants to build an electric Phantom By Gavin Green Motoring Issues 23 October 2008 11:21 Rolls-Royce CEO Tom Purves would like to make an electric-powered Phantom. ‘Many of our customers do small mileages exclusively in the city,’ says Purves, who took over the helm of BMW-owned Rolls-Royce in July 2008. ‘For these customers, an electric Rolls-Royce would be ideal.’Purves has just driven the new electric Mini, which debuts at next month’s Los Angeles auto show, and was ‘bowled over by it.
2013 Mazda CX-9 debuts before Australian show
Tue, 18 Sep 2012Mazda will fully reveal the 2013 CX-9 SUV at the Australian International motor show in October. It appears that Mazda couldn't wait that long, as the company just released a few images of the redesigned people carrier, which now looks like the big brother to the CX-5. It features the Kodo design language that we've seen at several auto shows, which lends it a sportier look than previous models.