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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.

(Another) Audi A3 e-tron hybrid at Geneva 2013

The Audi A3 e-tron – a hybrid A3 EV based on the A3 Sportback – will debut at the 2013 Geneva Motor Show as a concept. This Audi A3 e-tron isn’t a pointless electric supercar – like the R8 e-tron – or another rollout of the A3 e-tron BEV, but a hybrid A3 with a proper ICE engine coupled to an electric motor, just like the A3 e-tron concept we saw in Shanghai in 2011 That still means a lot of complicated and heavy technology to game the silly official economy tests and come up with ‘official’ economy figures of 158mpg and 35g/km, but the A3 e-tron would – if it were made – offer big tax breaks for company car drivers. The A3 e-tron gets a 1.4 litre direct injection petrol engine good for 148bhp working with an electric motor good for an extra 100bhp.

2013 Volkswagen CC prices start at $31,070

Volkswagen announced that pricing for its 2013 CC sedan will begin at $31,070. That's about two grand more than the 2012 model. For 2013, the coupe-look sedan will offer six trim lines: two sport, two luxury, an R-Line and the 4Motion Executive.