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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.

Renault's future performance models

By Richard Yarrow Motor Industry 24 April 2008 10:20 There has never been a hot version of the Laguna from Renaultsport – the performance arm of the French car maker – and our advice is don’t hold your breath for one any time soon. With the MkIII Laguna launched last year, the timing would be perfect for the debut of a flagship model on the home turf of the Paris motor show in October 2008. But Patrick Pelata, Renault’s director of product planning, told CAR Online the quality of other super-saloons coupled with environmental concerns meant it wasn’t likely.

Honda Vezel crossover arrives at the Tokyo motor show

For the record, Vezel rhymes with "bezel," and it's the name of Honda's long suspected Fit-based crossover. Honda showed off the new Vezel hybrid model at the Tokyo motor show, though the production model set to launch in Japan in December will also be available with a straight-gasoline 1.5-liter direct-injected engine also. Other details are still slim, but the company did claim a "Sport Hybrid i-DCD" powertrain will get a stronger engine and most likely a dual-clutch transmission with integrated electric motor.