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Newsflash: Magna 'agrees to buy GM Europe': latest news
Fri, 29 May 2009Latest 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.
Interior Motives Design Awards 2013 judges decide shortlist
Fri, 12 Jul 2013The shortlist of potential winners in the 2013 Interior Motives Design Awards has been announced, and can be viewed here. This year's competition saw a record number of entries submitted: some 198 projects from 28 schools spread across 19 different countries. From this pool of contenders, each of our distinguished jury panel was asked to nominate their top three in each of the eight categories in contention.
Asian brands top annual Consumer Reports rankings on reliability
Tue, 26 Oct 2010Honda, Acura, Porsche and Scion topped the annual Consumer Reports reliability survey released on Tuesday. At the other end of the spectrum, Audi, BMW and Mercedes-Benz were deemed among the worst. Findings are based on responses about 1.3 million vehicles owned or leased by subscribers to Consumer Reports or its Web site.