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VW and Chinese ‘in talks to buy Vauxhall/Opel’ from GM

GM is considering selling its loss-making European operations, it emerged tonight. If it goes ahead and severs ties with GM Europe, the General would cede control of Vauxhall and Opel, the second biggest car brand in the UK.And in another extraordinary twist, CAR has confirmed that top-level talks have been taking place between Volkswagen and the German government, which is keen to avoid Opel falling into foreign hands. Chinese car makers are circling but Chancellor Angela Merkel, who has close connections to Volkswagen chief Martin Winterkorn, would prefer VW to step up to the plate as a potential buyer than a Chinese brand.

Drivers fail car insurance test

On a 10-question, multiple-choice test asking respondents to choose correct definitions for basic auto insurance terms, the average score was 32 percent out of a possible 100 percent, according to insurance.com. The test group included 500 drivers of all ages and from various regions of the United States, but apparently no matter what the details, nobody really knows much about car insurance. When broken down into demographic segments, women outscored men by about 8 percentage points on average, and drivers in the south beat out those in the northeast by 10 percentage points.

RM auction in Monaco rakes in $45.1 million

Call it the Feast of Ferrari. Led by a stunning lineup of rare and classic automobiles wearing the Prancing Horse, sales at the RM auction in Monaco on May 1 totaled more than $45.1 million. The highest seller at the event was a 1962 Ferrari 400 Superamerica Cabriolet Pininfarina AWB, which sold for $3.8 million, a record for Superamericas, RM said.