16" Toyota Camry Hub Cap Wheel Cover Hubcap 2010-2011 on 2040-parts.com

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.

General Motors says Magna's Opel bid has obstacles, RHJ's is easier to accept

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Writing on GM Europe's Web site, John Smith, GM's chief negotiator for the Opel sale, says Magna's bid "contained elements around intellectual property and our Russian operations that simply could not be implemented." He adds: "GM has partners in other parts of the world who have joint ownership of these assets ...

Rhys Millen loses brakes, takes second place at Pikes Peak

Rhys Millen, nephew of parts guru Steve Millen, didn't break Nobuhiro Tajima's world record at the 89th Pikes Peak International Hill Climb--Tajima did that himself. But Rhys Millen did clock a fast second-place run up the 12.42-mile course with a time of 10 minutes, 9.242 seconds in a prepped Hyundai Genesis PM580. That time was made even more impressive by the fact that Millen lost brake power in the last few miles before reaching the peak.