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$5 billion competition on to replace Humvee

Competition is heating up to win a contract for a vehicle that will replace nearly 18,500 aging military Humvees for the U.S. Army and Marine Corps starting in 2015. Six proposals are in play, with little time left before federal contracting officials decide on development of the $5 billion-plus program.

Toyota updates the Verso MPV

Toyota will show the all new Verso at Geneva '09 The Verso is an all new version of the MPV, offering Toyota’s Easy Flat-7 seating configuration, which basically allows owners to lower all the back five seats individually to accommodate whatever configuration they need for load/passenger requirements. The Verso is stretched over the old Verso, with a longer wheelbase and wider track, offering a more spacious interior. There’s a pretty much all-round increase in power of 20%, but Toyota has managed to pull off a 12% reduction in emissions and fuel use.

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.