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GM reportedly set to sign deal on Thursday to sell Opel
Tue, 13 Oct 2009General Motors Co. likely will sign a deal on Thursday to sell a majority stake in Opel to a group led by Magna International Inc., German news agencies reported, citing sources close to the negotiations. GM agreed on September 10 to sell 55 percent of Opel to Canadian supplier Magna and its Russian partner Sberbank, but the deal stumbled amid labor union demands for a veto on factory closures and concern in the UK and Spain that 4.5 billion euros ($6.7 billion) in aid pledged by the German government for restructuring Opel favored the carmaker's German factories.
Gordon Murray T.25: More detail & photos
Mon, 28 Jun 2010The Gordon Murray T25 We’ve already made our feelings about Gordon Murray’s ‘T’ cars clear. We think Gordon – creator of the McLaren F1 – is on exactly the right track for City Cars – either the T.25 or it’s electric sibling the T.27 – looking to create cheap to manufacture, small, light and very strong cars powered by either a small, 3-pot engine or by an electric motor. And today we get more detail – and photos – of the T.25, the ICE version.
Show Review: La Festa Mille Miglia 2007
Fri, 02 Nov 2007Those who arrived early for the Tokyo Motor Show may have had the chance to see Japan's take on the Mille Miglia, the 1000 mile race held between 1927 and 1957 in Italy. Never a nation to take their hobbies anything less than seriously, La Festa Mille Miglia is a popular recreation by Japanese enthusiasts of the historic race, which replaces the Tuscan countryside with ten of Japan's states. Now in its eighth year, this time the race also commemorated the 80th anniversary of the first of the original series.