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Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

Project Car Hell, Off-Brand Japanese '80s Hairdryer Edition: I-Mark RS or Cordia Turbo?

Is it a sickness to love weird Japanese sport compacts from the era of Pseudo Echo and Iran-Contra? Cars that nobody but a few scarily obsessed single-interest types would even recognize? It sure is, but not to worry--there's no better reason to hurl yourself headlong into the Lake of Fire that is Project Car Hell.

Drivers undecided over 20mph zones

DRIVERS are against the idea of a blanket 20mph speed limit on urban roads but are open to their targeted use, according to research published today by road safety charity, Institute of Advanced Motorists (IAM). Half of drivers from the UK are against a blanket 20mph speed limit with less than a third willing to embrace the idea and a fifth undecided. Male drivers are more likely to be against the idea than female.