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Christmas Getaway Is Go

THINKING of making a break for it this Christmas? You’re in good company, as millions of people are expected to be on the move in the biggest day of the Christmas getaway, with festive travellers crowding on to trains, boats and planes. And if you’re planning to escape the lacklustre weather you’re not alone either, as a sizeable chunk of the four million heading abroad for the holiday period are flying from UK airports, with the Canary Islands one of the top destinations.

Embattled Wagoner forced to quit as GM boss

By Ben Pulman Motor Industry 30 March 2009 11:34 Rick Wagoner has been forced to step down as General Motors chairman and CEO by US President Barack Obama, as a condition of the beleaguered automaker continuing to receive state aid. Wagoner was meeting with US government officials on Friday when the request was made for him to ‘step aside’. Wagoner had been GM president and CEO since 2000, and chairman since 2003 – his resignation ends a 31-year career with a company.

Magna gets Vauxhall and Opel

Canadian parts maker Magna takes control of Opel and Vauxhall The German Government is to supply funding of €1.5 billion to help the new Opel/Vauxhall operation to finance the transition. The news hasn’t come a moment too soon, as the US Government had given GM only until Monday to resolve the issue before the likely bankruptcy of GM. The Opel/Vauxhall operation will now be ring-fenced from the insolvency of its former parent in the US and will become ana entity in its own right.