Raybestos H7364 Rear Brake Drum Hardware Kit on 2040-parts.com

One lap of the web: The Michael Jackson Ferrari and a crazy RUF 911

The King of Pop was known for a lot of things aside from his musical talent, but he wasn't necessarily known as a car guy. So, how much is a car with MJ provenance worth? We'll know soon: The “customized” (the roof was forcibly removed) Ferrari Testarossa that Michael Jackson drove in some Pepsi commercial is listed on eBay.

General Motors board recommends selling Opel to Magna-led group

General Motors Co.'s board has decided to support selling a majority stake in Opel to a group led by Canadian auto parts giant Magna. The move caps weeks of high-stakes maneuvering on both sides of the Atlantic that saw nationalism, labor issues and--perhaps most critical to GM, the use of its technology--all come into play. Magna and Russian lender Sberbank will get a 55 percent interest in Opel, the linchpin of GM's European operations for 80 years, as well as its British sister brand Vauxhall.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.