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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.

Honda Fit EV prices drop

Responding to price-dropping offers from other automakers on their electric vehicles, Honda will slash the lease deal for its Fit EV starting in June. From the current level of a zero-down, $389/month lease, Honda has lowered the price to zero down and $259/month. Also, for any current holder of a Honda Fit EV lease, effective June 1, their monthly lease payment will also drop to $259 a month.

Nissan GT-R Nismo leaks – gets 595bhp

Nissan GT-R Nismo leaks – gets 595bhp Nissan has been planning to add Nismo performance versions across their range of production cars for the last couple of years, and we’ve seen the Juke Nismo and 370Z Nismo already. Next up is the Nissan GT-R Nismo (even though you’d think it might be tough to make the mad GT-R any more ‘sporty’), an arrival confirmed by Carlos Ghosn back in February when he said “It would be unthinkable for us to develop a range of Nismo road cars without including the GT-R“. Now, ahead of a reveal this week, the first photo of the new GT-R Nismo has arrived together with some detail on what’s on offer.