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General Motors fires back at Volkswagen

General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.

Audi to buy Ducati 'next week' - Reuters

Audi looks set to complete its purchase of superbike maker Ducati as early as next week, according to Reuters. The news wire reports the deal could be finalised by 18 April 2012, the day before VW's annual shareholders meeting in Hamburg. Audi has been undertaking due diligence on the purchase of Ducati and the bean counters are reporting no obstacles to the deal.     Why is Audi interested in buying Ducati?

German Grand Prix Qualifying (2014): Rosberg on pole for Mercedes – Hamilton crashes out

Rosberg takes pole in the 2014 German Grand Prix Lewis Hamilton managed to close the gap to Mercedes teammate Nico Rosberg at the British Grand Prix two weeks ago after Rosberg’s car fell foul to mechanical failure, but it was Lewis’s turn to catch the Mercedes mechanical gremlins today as brake failure in qualifying saw him crash out. Hamilton suffered brake failure ten minutes after qualifying began and crashed heavily at speed in to the stadium section, going out of qualifying and causing a red flag for the session. Lewis was checked over after the heavy crash and is fine, but the pole position subsequently gathered in by team mate Rosberg won’t have been any consolation, Just fou7r points behind Rosberg in the driver’s championship battle after the British Grand Prix, Hamilton now faces a big uphill struggle to minimize Rosberg’s advantage in tomorrow’s race, but at least Hamilton’s first flying lap before the crash has sealed him 15th spot for the race.