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GM reportedly set to sign deal on Thursday to sell Opel

General 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.

Former Chevrolet Volt chief takes helm at Fisker

One of the key architects of the Chevrolet Volt is taking the helm of Fisker Automotive. Tony Posawatz, a veteran General Motors executive, has replaced former Chrysler CEO Tom LaSorda as chief executive of Fisker. LaSorda had just taken over as CEO in February, after joining the company in late 2011.

Formula One class of 2014: the official pictures

By Ollie Kew First Official Pictures 31 January 2014 11:30 The 2014 Formula One season is only weeks away. With 2.4-litre V8 engines in the bin and turbocharged 1.6-litre V6s with twice the electrical boost power powering the racers, a controverdial triple-points rule in Abu Dhabi, and wild-looking new nosecones thanks to the latest FIA crash regulations, the class of 2014’s machines are the most radically different F1 cars in decades. If the old adage of a pretty car being a winning car rings true this season, we suspect Sauber, Red Bull and Marussia will squabble for the title, with Caterham surprised to see themselves battling Lotus and Toro Rosso at the back of the field.