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GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

College Exhibition: Strate College Degree Show 2007

Strate College hosted its annual Degree Show on June 21st, displaying the assorted works from students graduating from the Industrial Design programs.The celebrations began on the eve of the graduation ceremony at a chic venue in the heart of Paris's Champs Elysees, where montages of the students work played in a slideshow projected behind the bar. At the school the next day, all fifteen students from the Transportation Design program presented their work in an exhibit that spanned two rooms. Frederic Corazza created 'Searth', a vehicle to connect the sprawling artificial islands currently being built around the city of Dubai.

Mazda Miata roadster passes 900,000-built milestone

Mazda on Friday built its 900,000th MX-5 Miata, raising the bar on its Guinness World Record for best-selling two-seat sports car. The MX-5 Miata originally set the record in May 2000, when production reached 531,890 units. But the record was updated when production reached 700,000 units and again when production reached 800,000 units.