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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.

Daihatsu to debut three Kopen concepts in Tokyo

Three new Daihatsu Kopen concepts have been revealed ahead of their unveiling at next month's Tokyo motor show. The blue and orange concepts are the RMZ model – although they feature slight differences – while the green car is the XMZ model. The concepts measure in at 3,395mm long, 1,475mm wide and 1,275mm tall and, like the recently discontinued Copen, fit into the Japanese ‘Kei' light car category.

Hyundai Concept Genesis Coupe

Korea's largest automaker is poised to unveil the Concept Genesis Coupe at the 2007 Los Angeles International Auto Show next week. Though these sketches are admittedly exaggerated, the coupe uses the concept Genesis sedan, unveiled it the 2007 New York International Auto Show in April, as the basis for the structure. According to our sources, the sporting coupe concept hints at the forthcoming design direction for a future rear-wheel drive sports coupe from Hyundai called the BK, a luxurious sport coupe specifically for North American market.