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GM cancels Opel Vauxhall sale to Magna
Tue, 03 Nov 2009By Tim Pollard Motor Industry 03 November 2009 22:59 General Motors tonight surprised the world by pulling its proposed sale of its European division – Opel and Vauxhall – to Magna. In a dramatic U-turn, Detroit said 'an improving business environment for GM over the past few months' had made it reappraise its spin-off plans.The 11th hour switch means that GM will still retain full ownership of Opel and Vauxhall, which will now 'be restructured in earnest'. Canadian parts giant Magna had won the race to buy a controlling stake in GM Europe, as a newly relaunched Detroit sought to shore up its finances.
Range Rover Evoque 2012 GTS by Overfinch
Fri, 06 Jul 2012After a sneaky peek at Goodwood, Overfinch has now launched their take on the Evoque – the Range Rover Evoque 2012 GTS. The fact that the Range Rover Evoque already sells, to a big degree, on looks might make you conclude that there’s a limited market for customised versions. But you’d be wrong; there’s a huge potential market.
Reuss: GM considering 'something really fun' for Buick
Mon, 06 May 2013Buick dealers still salivating over the Riviera concept that General Motors unveiled at last month's Shanghai auto show should take a deep breath: There's little chance that the flashy coupe will ever grace a Buick showroom. But they should view the Riviera -- which GM says points to the brand's design direction -- as a signal that GM is serious about adding pizazz to the Buick lineup now that the 110-year-old brand, which barely survived GM's bankruptcy four years ago, is getting comfortable in its born-again skin. "We've very carefully built Buick back to a brand that has respect," GM North America President Mark Reuss told Automotive News.
