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Porsche introduces Panamera Platinum Edition

The Porsche Panamera is already one of the top executive sedans on the road today. But in case there's any doubt, the company has added a Platinum trim to the lineup, moving the vehicle even further upscale. It will be offered for both rear- or all-wheel drive versions.

AC Schnitzer upgrades the Mini Cooper coupe

The Mini Cooper coupe is still fresh--it hasn't been out for more than a year. Now, German tuner AC Schnitzer has taken it into the shop for some upgrades. The company is working on performance upgrades for both the diesel- and gasoline-powered cars, starting with a front limited-slip differential.

Newsflash: Magna 'agrees to buy GM Europe': latest news

Latest news: what Magna's deal means for GM Europe By Tim Pollard Motor Industry 29 May 2009 19:31 Canadian parts giant Magna this afternoon struck an agreement in principle to buy stricken GM's European arm, Opel and Vauxhall. The agreement has not yet been confirmed publicly and is still in the early phase, but brings to an end an uncomfortable round of talks in the past 48 hours which saw a spat between American negotiators and European politicians, and Fiat CEO Sergio Marchionne walking away from the table.Once sealed, the deal must first be approved by the German government, which is to provide interim funding to the new owners. However, Italian car maker Fiat isn't yet totally ruled out of the running, as Magna's chief exec earlier today intimated that he could be interested in cooperation.CAR Online will update with the latest developments as they happen.