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GM shifts gears, will keep Opel
Wed, 04 Nov 2009General 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.
Hyundai Arnejs
Mon, 11 Sep 2006Hyundai has released this sketch of the Arnejs (ar-nez), a new hatchback that will represent the Korean firm in the busy European C-segment. The Arnejs is sister to the Kia C'eed, and will be on the road by Summer 2007 following its production preview at the Paris Motor Show. The C'eed itself will be shown in production form nearby, ready for Fall sales this year. Expect engines to be shared between the two.
Barclays bids bye-bye to 'Boris Bikes'
Wed, 11 Dec 2013BARCLAYS is to end its sponsorship of the so-called Boris Bikes, introduced by London Mayor Boris Johnson to the capital in 2010. The bank's logo has adorned the blue cycles since their introduction three years ago.But Transport for London (TfL) will be forced to look for a new sponsor after Barclays announced plans to discontinue with the deal at the end of its contract in 2015. The bikes were launched amid much fanfare in August 2010, with nearly a million journeys made within the first 10 weeks of the scheme being rolled out.