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General Motors board delays decision on favored Opel bidder
Tue, 04 Aug 2009General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.
Audi A2 electric concept heads for Frankfurt
Fri, 02 Sep 2011Audi A2 Concept EV - Frankfurt bound The last Audi A2 was perhaps the only real failure for Audi in the last twenty years. But that hasn’t stopped them reviving the moniker and attaching it to a new concept heading to Frankfurt – the electric Audi A2 Concept. Audi say the A2 concept has an electric-only powertrain, which sadly means they are not pursuing the elegant range-extender solution with a Wankel engine they showed in the A1 e-Tron at Geneva last year.
Porsche is developing a new four-cylinder engine set to power entry-level model
Mon, 05 Sep 2011High-ranking officials at Porsche's Weissach research and development center in Germany have confirmed that engineering work is progressing on a four-cylinder horizontally opposed gasoline engine, details of which were first revealed by Autoweek earlier this year. The new boxer unit--which is earmarked to power a new mid-engine, entry-level model that insiders describe as a spiritual successor to the iconic 550 Spyder--looks set to become an integral part of Porsche's future model plans. Insiders suggest it will also be offered on the third-generation Boxster and the second-generation Cayman later on in their respective model cycles.