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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.

GM, Fiat considered merging Europe operations, report says

General Motors Co. and Fiat S.p.A. "briefly" discussed a merger of their European operations earlier this year, the Wall Street Journal reported, citing people familiar with the talks.

Who's Where: Alfonso Albaisa appointed Vice President of Nissan Design Europe

Alfonso Albaisa has been appointed vice president of Nissan Design Europe (NDE) located in Paddington, London, effective April 1, 2007. Albaisa replaces Satoru Tai, who will return to Japan. In his new role, the 42-year-old Cuban-American will head a team of more than 50 international designers, modelers and support staff.