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GM flip-flops its Opel-Magna deal

Vauxhall Insignia
Vauxhall/Opel Insignia, voted 2009 Car of the Year (Europe)

GM must have caught the flip flop disease from somewhere as it has at the last minute turned back on its decision to sell Opel to a Russian-backed group led by auto parts supplier Magna International, which took months and months of negotiation so far.

The deal was looking to be pretty much set in stone and Magna’s existing clientele had expressed unhappiness over a supplier suddenly becoming a competitor as well. Magna’s client list includes Volkswagen, GM, Ford, Chrysler, Daimler and BMW amongst others. Volkswagen had threatened to pull the plug on Magna’s VW group supply contracts if the Opel deal went through but it looks like now there would not be such a conflict.

Now because of “an improving business environment and the importance of its GM Europe divisions to its global strategy”, it has decided to turn back on its offer to sell. It would instead restructure its Opel division on its own, at a cost of 3 billion Euros. Where this money will come from is a big question now, as it most likely will not be able to rely on promises of financing that European governments had promised earlier.

European governments had granted financing from state banks in view that Opel would be in Magna’s ’safer’ hands, and are now pretty pissed off that GM had pulled the old classic bait and switch tactic on them. Obviously the financing were granted assuming Opel would be in Magna’s hands soon. Germany’s government said it wanted GM to repay 1.5 billion Euro in bridge financing by the end of this month. Germany had offered a total of 4.5 billion euros in financial aid for the Magna deal. Opel workers are also pissed off as in their view now their jobs are less secure and held a protest, carrying black coffins with GM and Opel logos on them.

GM Europe president and ex-BMW man Carl-Peter Forster immediately left the company Friday last week after the announcement of the sale flip-flop. “A sudden shift like this is scarcely comprehensible. I do not find the process in any way okay. I would have wished for a completely different result,” said Forster. He clearly did not want to be any part of an Opel that remained under GM rule, and apparently he has already been offered a job with Tata-owned Jaguar Land Rover.

Magna had nothing else to say but this – “We will continue to support Opel and GM in the challenges ahead and wish to thank everyone who supported the Opel restructuring process for their tireless efforts and dedication over the past several months.”

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Some new BMW M3 GTS promo footage shot where it belongs… on the race track!

BMW M3 GTS

I don’t care much for the techno music in the second video, but the burning rubber and the dramatic effect in the first video is probably one of the better ways to sell a person a car such as the BMW M3 GTS. From the press release its implied that you can only have it with a 7-speed M DCT so that may turn off some people who absolutely must have a stick shift, but the thought of an extra 0.4 liters in that monster of an engine makes me drool. Watch the videos after the jump.

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Nissan Navara 6-speed manual now available

Nissan Navara Manual Gearknob

400Nm of torque and a 6-speed manual transmission. I could be referring to the new BMW M3. Or the new manual Nissan Navara which has just been introduced in Malaysia, joining its 5-speed auto ‘Mother Trucker’ sibling which was launched first. The new cars are CBU imports from Nissan in Thailand.

Two versions of the 6-speeder is on sale. One is the basic Navara 2.5L 6M/T and another is the Navara 2.5L 6M/T SE. Nissan’s press release refers to the SE as the Safety Edition (what, is the non-SE unsafe? heh just kidding). This new “Safety Edition” also gets the necessary airbag software updates that resolves the bad crash test results in early 2008. The base 6M/T does not have the dual SRS front airbags, ABS brakes and EBD and the 6M/T SE model has.

The engine is the same powerful YD25DDTi 2.5 liter engine producing 174 PS and 403Nm of torque to be exact. So that’s actually 3Nm of rated peak torque more than the M3. Of course you can’t expect the same kind of shove as the powerband is narrow in a diesel and super wide in a high revving petrol BMW V8. The Navara M/T also gets the Shift-on-the-Fly 4WD system as the 5A/T, which allows 2WD/4WD shifting using a dial at speeds of less than 100km/h.

The list of equipment is a downgrade from the 5A/T LE. The xenon headlamps are replaced by halogens, the seats are fabric, the rearview mirrors lose their auto-dimming function, the CD changer is replaced with a single-CD, and the 6 speaker system has been downgraded to 4 speakers (they probably removed the 2 tweeters).

Some plastic bits in the interior which used to have a silver finish have been replaced by the same beige interior colour. On the outside, the door mirrors have their chrome finish replaced by body colour.

Nissan Navara 2.5L 6M/T – RM89,800.00
Nissan Navara 2.5L 6M/T SE – RM94,800.00
Nissan Navara 2.5L 5A/T LE – RM105,800.00

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Honda Stream RSZ Facelift now in Malaysia

honda-stream-rsz-fl-1

Honda has brought in the new facelifted version of the Honda Stream RSZ. Of course being facelifted there are changes with the vehicle’s looks.

The front end has a new honeycomb design with a chrome bar going through the middle of it, similiar to the Accord Modulo grille. The bumper design is also new, and there are side skirts for the side profile. Thankfully 17 inch alloys have been provided as when the Stream first came out, the alloys were rather small compared to the rest of the car’s sporty demeanor which looked a little odd.

honda-stream-rsz-fl-2

On the rear, the bumper now has a diffuser insert design, and there is a tailgate spoiler. The tailgate has a black garnish around the individual rear lamps. The wing mirrors now have turn signals.

Personally I feel the best change in the facelift is the addition of VSA stability control to the Stream, which is a definite plus point in raising the safety level of the Stream. A typical Stream driver who only carries full loads of 7 people during the weekends may not be used to the different vehicle dynamics and VSA may be able to catch him out of a tight spot, touch wood. Other than VSA, suspension settings have also been improved for better comfort.

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On the interior you get a leather gear knob, and a leather steering wheel, both of which come with leather stitching. The rest of the interior is done up with black and red upholstery. The instrumentation panel, speedometer, air conditioning controls, and cupholders have red illumination instead of the ’standard’ Stream’s blue illumination. The styling seems extremely skewed to a certain type of young 30s buyer who has to get an MPV but still wants to stay true to his ’sporty’ heart. You know, the kind that probably wishes the turbocharged grey import Toyota Caldina GT4 comes with 7 seats instead of 5.

But performance will not match its sporty looks. Under the hood is the R18 engine similiar to the one used in the Civic 1.8 making 140 PS and 174 Nm of torque, mated to Honda’s dual-overdrive 5-speed automatic transmission.

Look after the jump for hi-res photos of the new Stream facelift.

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New batch of Honda Civic Type R on a trailer

ctr-facelift

The last unit of the last batch of Honda Civic Type R was sold by Honda Global Amity Sdn Bhd to a 8GCC club member, so if you were in the market for one in the past month at least, you’d probably receive a “no stock” answer from Honda dealerships nationwide. But probably not any more, as reader Kent spotted this trailerload of facelifted Honda Civic Type R being transported. But don’t expect the Type R to maintain its current pricetag due to Ringgit-Yen differences from the last time it was brought in. It could go up to just over RM200k.

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Vehicle scrap policy scrapped… for now

MITI has gone back on its decision to implement a Vehicle End-of-Life Policy for now. An intention to implement such a policy had been announced when the ministry released its NAP Review 2009 earlier this month. The Ministry of Transport was to come up with a road map of the policy’s implementation, but the first step was to introduce a mandatory vehicle inspection for your road tax to be renewed annually.

So we don’t have to worry about them taking away our old vehicles after a certain amount of years, or being hassled with an inspection every year. Personally I feel that we are not ready financially for a scrap policy, but vehicle inspection could have been a good idea, if implemented with spaced out intervals such as every 3 years instead of every year. It’s good news but not all good news, as the ban on used part imports from June 2011 still stays.

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New BMW M3 GTS with larger 4.4L V8

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After launching a twin pair of turbocharge M SUVs with automatic transmissions, BMW M has gone back to its roots with a new car called the BMW M3 GTS, which it says has pure M genes. The specs list certain looks pretty drool-worthy, the kind that gets you excited even thinking about it.

See, the M3 is a fast car. It’s a really, really fast car, especially once the high-revving V8 gets up to its prime revolutions, you get kicked back into your seat quite violently and the engine screams along to extract a peak of 414hp from its 4.0 liters of capacity. But that’s not enough for the GTS – BMW has upped the displacement from 4.0 liters to 4.4 liters, so the engine makes 450 horses now, mated to a 7-speed M DCT twin clutch transmission with remapped transmission logic.

bmw-m3-gts-2

BMW has dropped some weight here and there from various parts of the car, including the use of lighter seats, a titanium rear silencer, removal of the air conditioning system (like the E46 M3 CSL), etc. BMW has also added rollover protection mounts at the B-column, a fire extinguisher, and a battery master emergency shut-off switch which shows the car’s true race intentions, as if the large rear wing wasn’t enough.

The large wing is functional, as is the adjustable front splitter. While the car is moving, the pressure which builds up in front of the vehicle above the panel of the front splitter which is parallel to the ground is much greater than in the free stream of air below it. This creates downforce.

No doubt many were disappointed when BMW announced they were not going to make a new CSL but they certainly made up for it with this new GTS. The price of the M3 GTS is expected to be 115,000 Euros in Germany, including 19% VAT. The cars will be built to order and the first will roll out in May 2010. It will initially only be available in Germany but other countries will be possible from summer 2010 onwards.

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Perodua D46T MPV set for Nov 23rd launch

Perodua D46T MPV
Click for enlarged image

Perodua held a media test drive for the new Perodua D46T MPV this morning somewhere in Putrajaya. I’ve tried it out and will share my findings with you after the MPV’s launch (due to embargo reasons), which is expected to be on the 23rd of November 2009. Showrooms will officially start taking bookings earlier, from the 13th of November 2009 onwards. Stay tuned for an update on the new Perodua D46T MPV on the 23rd of November 2009 at 5.00pm sharp.

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Cracked vase Ferrari auctioned for RM 6 million

Ferrari 599 China

The cracked-glaze-vase look special one-off Ferrari 599 China was auctioned off for a final price of 1.2 million Euros, which translates to just over 6 million ringgit. The car was auctioned off at a gala dinner organised by Ferrari at the Red Gate Gallery in Beijing.

The cracked glaze paintwork by Chinese artist Lu Hao was inspired by Song Dynasty Ge Kiln pottery patterns. There are more Chinese-inspired features inside including a jade-encrusted start button and rev counter numbers written in Xiao Zhuan script. There is nothing technically special about the car except the fact that it comes standard with the HGTE package.

The buyer is a Chinese but was unnamed in Ferrari’s press release. The money will go to the Tsinghua University’s Department of Automotive Engineering. Top students from the department will be sent to study at Italy’s Politechnico di Milano University and then do an internship at Ferrari’s factory.

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Perodua gets new MD from UMW Toyota

Aminar Rashid SallehPerodua’s Datuk Syed Hafiz will not be renewing his contract at the end of the year. Replacing him as the top man at Perodua will be another UMW man – Tuan Haji Aminar Rashid Salleh, who currently heads the Strategic Marketing Group at UMW Toyota.

49 year old Aminar is a familiar face for me as he is usually the one who gives product presentations at Toyota car launches. He has been in the UMW group since 1992. He holds a degree in Civil Engineering. I don’t have any kind of ‘insider’ details but I don’t expect anything much to change with the way Perodua is run.

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