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GM board will again delay decision on Opel's future, report says

General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.

Singapore Grand Prix (2011) RESULT

Singapore Grand Prix 2011 Why does the Singapore Grand Prix, which is brilliantly put together and looks stunning, always seem to disappoint? You’d expect it to be an Eastern version of Monaco - run as it is on a street circuit - but it still seems to lack any real character. Maybe it’s just us?

The case of the disappearing Lambos

Now this should have rung an alarm bell or two at the time, but it seems it didn’t. Back in November the world’s largest Lamborghini dealership – Lamborghini Orange County – turned up its toes and closed the doors, apparently a victim of the downturn in car sales. Not the oddest story in these times admittedly, but a bit odd when you consider that Lamborghini OC was reckoned to be responsible for 10% of Lamborghini’s sales worldwide, shifting around 240 cars a year.