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Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest 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.

2011 Subaru Impreza WRX gets the wide-body look of the STI

The 2011 Subaru Impreza WRX will look more like the WRX STI model by adopting the STI's wide-body look, including a wide track front and rear, and wider tires. The front and rear tracks of the 2011 WRX are 1.5 inches wider, compared with the 2010 model. Wheel diameter remains at 17 inches, but the wheels get an inch wider at 8 inches.

Volkswagen e-Up! stars at the 2013 Frankfurt Motor Show

The Volkswagen e-Up! is one of three all-electric VW hatchbacks starring at this year’s 2013 Frankfurt Motor Show – and just like its big brother, the VW e-Golf, the e-Up! boasts some pretty impressive efficiency stats.