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Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.

McLaren celebrates 50th birthday with special edition 12C supercar (2013)

McLaren will build 100 special edition 12C supercars to celebrate its 50th anniversary in 2013: 50 coupes and 50 folding hard-top Spiders. The birthday edition cars get bespoke lightweight components from McLaren Special Operations (MSO) and extra accessories, as well as a hefty price bump. You'll pay £196,000 for a hard-top McLaren 50 12C, and £215,500 for the McLaren 50 12C Spider – a hefty £20,000 rise over the standard cars' price tags.

BMW i3 stars at the 2013 Frankfurt Motor Show

And so it's nearly here. We've seen study vehicles, concepts, pre-production models and even an exclusive viewing, but the wait is finally over. The BMW i3 electric car has made its first appearance to a wider audience at the 2013 Frankfurt Motor Show.