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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.

2013 Mercedes SL 65 AMG – it’s official

2013 Mercedes SL 65 AMG - New York debut Mercedes-Benz has confirmed the 2013 Mercedes SL 65 AMG as the new SL range-topper and its debut at the New York Autro Show. It had seemed that the V12 Mercedes SL 65 AMG would be a victim of the culling of V12 engines from car makers’ ranges as the imperative to cut emissions and reduce fuel consumption saw the glorious V12s replaced by smaller forced-induction engines. But not at Mercedes-Benz.

Electric Fiat 500e costs the same as 500 Pop – in the US

Sergio Marchionne reckoned Fiat would lose £7k on every 500e they sell, but that may be a very conservative estimate judging by the deal Fiat has put together for the 500e in California, where it’s just launched. For a very modest down-payment of £650 and then £130 a month, you can drive off in a brand new Fiat 500e. That’s exactly the same deal Fiat offers on the 500 Pop – a car that cost under £10k in the UK – making the 500e the first EV we’ve come across where costs are sensible.