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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.

CDN-Opel/Vauxhall enters second phase

Car Design News and Opel/Vauxhall are pleased to announce that the second phase of its collaborative competition is now underway. The second phase of the CDN-Opel/Vauxhall competition is specifically for the seven shortlisted students from the first phase. All competition members are encouraged to comment and offer advice to the shortlisted students as they strive to make the final cut.

Ford puts Volvo up for sale

Having spent most of the last twenty years carefully building up a portfolio of Prestige European car makers, including Jaguar, Land Rover, Aston Martin and Volvo, the last of these, Volvo, has now been put up for sale by Ford. This hardly comes as a surprise when you see the precarious state of Ford. It’s busy going cap-in-hand to the US government looking for a bail out, and selling off Volvo could add several hundred million pounds to its decimated balance sheet.