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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.

Audi A1 – the ONLY premium Super Mini

Werner Zimmermann, Audi's Head of Quality, says the Audi A1 will be the only premium Supermini We’ve got a bit bored with the tease that is the Audi A1. After all, we have a pretty good idea what it’s all about and it seems to be being milked for all it’s worth. We did run the ‘Audi A1 Graffiti’ tease, and the ‘Audi A1 Design’ a few days ago.

Mustang men team up for charity auction car

Jack Roush and Carroll Shelby are two men who have been linked with the Ford Mustang for decades. Amazingly, they have never worked together on one--until now. Roush and Shelby teamed up to create a unique 2011 Ford Mustang, named the SR-71, which will be auctioned to raise funds for charity.