Large American Flag 11" Sew On Back Patch Biker Vest Jacket on 2040-parts.com

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.

AutoWeek Exclusive: A conversation with the boss of Barrett-Jackson

The phone rings. Longtime Barrett-Jackson chief executive Craig Jackson is on the other end of the line. He's at his SoCal estate a week after a wildly successful sale nearby in Orange County.

VW Golf GTI priced from £25,845 in UK

The new Mk7 VW Golf GTI is now on sale in the UK priced from £25,845. That's only a £195 rise over the old Mk6 Golf GTI, despite the extra power, performance, and a 2.2mpg improvement in economy. Hang on - nearly £26k for a VW Golf GTI is a bit steep, isn't it?  Actually, it's better value than the old Mk6 Golf GTI. For a start, the new Mk7 Golf GTI's 29E insurance group rating is five groups lower than the old model's, so you should save on premium renewals as well as road tax and fuel fill-ups.