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GM cancels Opel Vauxhall sale to Magna

By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.

Only bikers avoid commute stress, says study

MOTORCYCLES, scooters and mopeds are among the modes of transport least likely to affect your general wellbeing, according to a government travel survey. The Office for National Statistics released a report earlier this year examining the impact of commuting patterns on people’s levels of anxiety, happiness and satisfaction. For journeys up to 30 minutes there was no negative effect on levels of happiness or anxiety for those who rode a motorcycle, moped or scooter to work.

Koenisgesgg Agera R BLT impounded by China’s customs

The one-off Koenigsegg Agera R BLT has been impounded by China’s customs officials as they believe it was being smuggled in to China. When we reported the Agera R BLT had been created, we also noted that it was already crated up and on its way to China for the delight and delectation of its new owner. Unfortunately, it looks like China’s Customs officers read the same news and were ready and waiting for the one-off Agera.