Vintage 1966 Kollsman Helio Altimeter on 2040-parts.com

Fiat, Magna, investment firm are three finalists to buy Opel

Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary. Fiat has confirmed that it put in a bid for Opel. Final bids for Opel were due Wednesday evening.

Audi sticks with Michelin – which is good for Michelin road tyres

Audi choose Michelin for 2012 races Audi are to stay with tyre maker Michelin and this year’s Le Mans 24hr cars will be shod with Michelin tyres. Have you ever wondered why car race teams choose one tyre maker over another? Well, in F1 it’s because they don’t have a choice, but elsewhere it’s different – they can choose.

Hyundai i20 to go WRC Rallying

Hyundai has confirmed it’s going rallying with an i20 heading for the WRC sporting around 300bhp and 4WD. Hyundai has announced that it is going to compete in the FIA World Rally Championships with a car based on the three-door i20. Hyundai hasn’t been rallying since it withdrew from motorsport in 2003, but the arrival of more convincing models – and growing sporty pretensions in the Hyundai range – make a rally glow a sensible move for the Korean firm.