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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.

AA celebrates 25 years of female patrols

ON SEPTEMBER 12th 1998 Georgina King became an overnight celebrity as she became the first female patrol to join the AA. Georgina says: "I was introduced at a press conference in Leicester Square and my picture ended up in all the papers. When I met customers out on the road they were a bit surprised to be confronted with a woman.

Volvo poised for V8 Supercars entry Down Under in 2014

Volvo has confirmed that it has entered a factory team into the V8 Supercars for 2014. Volvo Polestar Racing will enter one of the world’s biggest touring car categories with a pair of V8-powered S60s, joining Nissan, Mercedes, Holden and Ford (which is rumoured as potentially departing the series). Where will the S60 get its V8?