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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.
Volvo makes breakthrough in battery tech
Thu, 17 Oct 2013Volvo has developed a new way of ‘storing’ energy for its future electric vehicles. The Swedish firm is exploring the concept of lightweight structural energy storage components made from carbonfibre, containing “nano structured batteries and super capacitors.” This technology is said to offer a lighter, more compact solution to the problem of energy storage, potentially removing the need for the heavy, bulky batteries used in current electric vehicles. On Bing: see pictures of the Volvo S80 Find out how much a used Volvo S80 costs on Auto Trader The investigation into the new technology is part of an EU-funded research project, undertaken by Volvo – the only major car manufacturer involved – and nine other organisations.
McLaren 12C Spider teased
Fri, 29 Jun 2012McLaren has started to tease the 12C Spider – the convertible 12C – ahead of full details in the next few days. We’ve know that a convertible version of the McLaren MP4-12C – the 12C Spider – has been on the way for some time, but now it’s almost here. We thought McLaren would just come out and introduce the 12C Spider, but they can’t resist teasing, although we wonder if McLaren might be trying to take some of the gloss off the UK debut of the Ferrari 458 Spider at Goodwood this weekend by revealing the 12C Spider before the end of the Goodwood weekend?.