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GM Sale to Magna Cancelled

GM has cancelled the sale of Opel and Vauxhall to Magna It’s been fraught with problems from the start, but what fire-sale isn’t? The unions have been unimpressed with what Magna were offering. The EU has had a pout and a stomp about the sale.  Lord Mandy has said lots but done little.

Glickenhaus may enter LMP1 class at Le Mans

James Glickenhaus, the man who brought you the Ferrari P4/5, is working on a new car to be used in top-level endurance racing such as the 24 Hours of Le Mans, possibly as early as 2014. Recently, sketches of the car—currently called the P4/5 Competizione LMP—have made their way to the Internet. Glickenhaus made his money in the stock market and film industry, but he became a household name among car guys when he commissioned the one-of-one Ferrari P4/5 Pininfarina.

Best new car sales in six years

RECORD new car sales achieved a six-year high in 2013, the motor industry has announced. A total of 2,264,737 new cars were registered in 2013 - a 10.8% rise on the 2012 figure and the best annual total since the pre-recession year of 2007, the Society of Motor Manufacturers and Traders (SMMT) said. The 2013 total was boosted by a 23.76% rise, to nearly 153,000, in sales in December - the 22nd successive month of increases.