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General Motors board delays decision on favored Opel bidder

General 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.

Spyker Cars to change name, shift focus

Spyker Cars is changing its name to Swedish Automobile N.V., and its new Chinese partner, Pang Da, is waiting for authorities to approve the investment in Spyker and Saab. Known for more than a decade as a producer of exclusive muscle cars, Spyker sold off its sports-car business in February to focus on Saab. The company bought the Swedish automaker a year ago when General Motors was on the verge of shutting Saab down.

Chrysler to build smaller version of Pentastar V6

The Chrysler Group plans to produce a smaller version of its 3.6-liter Pentastar V6 engine, likely at a plant in suburban Detroit, according to a union official and a source familiar with the project. The new 3.2-liter Pentastar V6 is set to debut in the replacement for the Jeep Liberty, the union official said. Chrysler-Fiat CEO Sergio Marchionne has said the Liberty successor will be introduced in January at the 2013 Detroit auto show.