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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.

Barrett-Jackson: Go for the auction, stay for the spectacle

This year marked the 10th time Barrett-Jackson has rolled into the fairgrounds in Palm Beach. The event, April 5-7, brought a record $18 million in revenue, according to Barrett-Jackson. More than 55,000 people were in attendance in the Thursday through Saturday event—that Sunday was Easter.

Jaguar Heritage Museum to close.

Jaguar Heritage Museum to close Jaguar has decided to close the Jaguar Heritage Museum at Browns Lane as they wind down operations at the historic site. It’s less than three years since the Jaguar Heritage Museum was relaunched as a show case for the history of Jaguar cars. With 150 cars in its collection – from the first Jaguar badged car, the 1937 SS, to C-Type, D-Type and the last convertible V12 E-Type – the Jaguar Heritage Museum is a magnet for Jaguar nuts from around the world.