Volvo Penta Turbo K27 865428 on 2040-parts.com

Opel leaving China, but planning a car for the US

General Motors' Opel is withdrawing from China after several years of declining sales, with the last vehicles slated to be exported from Germany in January 2015. Opel managed to sell only 4,365 cars in China in all of 2013, compared to a staggering 810,000 Buicks, GM's most popular division in China. The lackluster sales and the planned withdrawal from China highlighted the unique demands of the Chinese domestic market, where Buick now offers almost twice the number of models as in the U.S.

Honda cancels V8 program, S2000 and CR-Z convertible, report says

Fun appears to be on the chopping block at Honda. Plans for the successor to the S2000 sports car, a lineup of rear-drive Acuras, a proposed V8 engine and a drop-top built off the CR-Z hybrid are all dead, according to a report in a British magazine. The reason: Honda is rethinking its product plans as it grapples with the global downturn in sales and economic conditions, Autocar is reporting.

BMW F1 sold back to Sauber

Peter Sauber has taken control of the BMW Sauber F1 Team BMW is getting out fo Motorsport in a big way. Not only has it left F1 but it’s rumoured that they are also pulling out of WTCC after narrowly losing out to SEAT. But at least the BMW F1 Team looks likely to survive almost intact.