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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.
One Lap of the Web: A Tumbler for Gumball, smashing supercars in China and a pedigreed race car for sale
Fri, 17 May 2013We spend a lot of time on the Internet -- pretty much whenever we're not driving, writing about or working on cars. Since there's more out there than we'd ever be able to cover, here's our daily digest of car stuff on the Web you may not otherwise have heard about. The Gumball 3000 starts May 18 in Copenhagen, Denmark, heading northeast toward Stockholm, Sweden.
Aston Martin recall the majority of cars built since 2007
Thu, 06 Feb 2014Aston Martin are recalling most of their cars from the last six years A recall by Aston Martin of 17,590 cars might not seem a big deal when you’ve seen recalls from the likes of Toyota running in to the millions. But Aston Martin is a small, bespoke make of high-end luxury GTs and Sports cars, and 17,590 cars is three-quarters of all the cars they’ve built since November 2007. The recall affects all left-hand drive cars built from November 2007 to December 2013 and all right-hand drive cars from May 2012 to December 2013 and is because of some less than kosher plastics in the accelerator pedal.