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GM cancels Opel Vauxhall sale to Magna

By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.

Keating SKR and TKR (2008): first official pictures

By Ben Pulman First Official Pictures 23 April 2008 08:30 A British Bugatti costing £90,000? Or another loopy sports car from Lancashire? The Keating SKR and TKR launched today have 1500bhp potential and top speeds that challenge the Veyron's - but it's difficult to dispel our innate cynicism about yet another new British supercar manufacturer.

What's New: May 2004

Porsche 911 Porsche has announced its new 997, the latest evolution of the iconic 911 sports coupe, now in its 41st year. While this may seem a minor facelift at first glance, there are changes to every exterior panel except the roof. There's a wider track and more emphasis on the wheelarch forms.