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GM cancels Opel Vauxhall sale to Magna

By 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.

Subaru Cuts Price Of BRZ Sports Car

SUBARU has announced a price cut for its rear-wheel drive coupe, the BRZ. Alongside the sister Toyota GT86 car, the BRZ is pitched at buyers seeking a fun, low cost sports coupe to rival the driving enjoyment offered by more expensive German models. From May the BRZ experience will be £2,500 less expensive, as Subaru is reducing the price to put more distance between it and its newly launched WRX STI model.

Bentley clears out parts with garage sale

Now here's a one-of-a-kind garage sale: Bentley Motors is looking to unload some original and unused parts and accessories. The automaker is opening up its headquarters in Cheshire, England, on Sept. 26-27 to pro buyers, owners and enthusiasts.