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GM Sale to Magna Cancelled

GM has cancelled the sale of Opel and Vauxhall to Magna It’s been fraught with problems from the start, but what fire-sale isn’t? The unions have been unimpressed with what Magna were offering. The EU has had a pout and a stomp about the sale.  Lord Mandy has said lots but done little.

Pagani Huayra pretends to be a Koenigsegg to get in to the U.S.

The first road-legal Huayra in the States – or is it a Koenigsegg?! Regular readers may remember we cast doubts on Pagani’s claim that the new Huayra would be US road legal back in 2011, when we revealed that Pagani’s plans to gain an exemption from fitting advanced airbags was denied. That meant Pagani had to go away and get the Huayra to conform with airbag regulations to make it legal to sell in the US, which Pagani promised to do and declared everything would be fine and they’d have the first road-legal Huayras Stateside by 2013.

Victor Muller on Saab escapade: 'Painful'

Reports say that the Swedish government wants to question former Saab chairman Victor Muller as part of an inquiry into suspected tax offenses at Saab. Muller defended payments he received from the automaker in a recent interview with me and talked about how he has moved on from painful memories of Saab. The Dutch entrepreneur rejected criticisms that his 600,000 euro ($773,000) annual pay package at Saab was too large.