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GM reportedly set to sign deal on Thursday to sell Opel
Tue, 13 Oct 2009General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations. GM agreed on September 10 to sell 55 percent of Opel to Canadian supplier Magna and its Russian partner Sberbank, but the deal stumbled amid labor union demands for a veto on factory closures and concern in the UK and Spain that 4.5 billion euros ($6.7 billion) in aid pledged by the German government for restructuring Opel favored the carmaker's German factories.
Win VIP tickets to the 2012 Goodwood Festival of Speed
Tue, 15 May 2012We've driven the famous Jaguar XJR-8 Le Mans race car in the new June 2012 issue of CAR Magazine – and to mark the occasion we have three pairs of VIP tickets to the Goodwood Festival of Speed to give away. Our editor-at-large Mark Walton drove the Group C-winning racer up the 1.16-mile Goodwood hill for CAR and you can watch his video blog here. And don't miss the six-page feature in the June issue.
Porsche 911 GT3s to be given new engines after fire issue
Tue, 18 Mar 2014The Porsche 911 GT3 (pictured) is getting a new engine Last month, after two new Porsche 911 GT3s caught fire, Porsche stopped delivering new 911 GT3s to owners, halted production and advised owners not to drive their new pride and joy. But now Porsche say they have discovered the cause of the issue and have a fix – a new engine. The fault that caused the fires is as simple as faulty connecting rod fasteners which damaged the crankcase, so Porsche is in the process of building new engines for all 785 GT3s already made with new connecting rod fasteners.