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Newsflash: Magna 'agrees to buy GM Europe': latest news
Fri, 29 May 2009Latest 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.
Nissan GT-R beats the Germans - again!
Thu, 22 Jan 2009By Gareth Evans Motoring Issues 22 January 2009 13:23 Prospective buyers of the Nissan GTR have another reason to brag over their German competitors thanks to the latest residual value figures released by CAP Monitor. After 12 months or 10,000 miles, independent used car valuation data provider CAP Monitor predicts the new GTR will be worth 84% of its new list price. This puts the latest Godzilla incarnation well ahead of rivals from Porsche, Audi and BMW.
Mitsubishi Outlander (2012) first official pictures
Thu, 09 Feb 2012Mitsubishi today showed off its new third-generation Outlander. It follows after a string of concept cars showing what direction Mitsu is pursuing for its 2012 Outlander. The company says it's 11 years since it coined the phrase 'crossover' - that's some claim - and it'll show off the new Outlander at the 2012 Geneva motor show.