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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.

Renaultsport R.S 01 first pictures: Renault’s new 2014 racer revealed

By Tim Pollard First Official Pictures 27 August 2014 16:26 If you were worried that Renaultsport had lost its mojo after the lacklustre Clio RS, think again: it’s just unveiled the new Renaultsport R.S 01, a wild and focused track racer for the Trophy one-make series. Weighing less than 1100kg thanks to its Dallara-sourced carbonfibre chassis, the R.S 01 has a 3.8-litre V6 engine developing ‘more than 493bhp.’ The engine is borrowed from in-house alliance partner Nissan’s GT-R Nismo high-performance coupe, and is breathed on by two turbochargers. It’s mounted amidships and revs to an angry-sounding 6800rpm.

Peugeot 308 (2014) first pictures of Peugeot's new Focus-fighter

This is Peugeot's all-new family hatchback: the 308. Yep, that's right: Peugeot isn't rolling over to the '309' moniker, but don't be fooled: the new 308's design looks worlds apart from the off-the-pace outgoing car. Sticking with the same model names for all future cars will simplify the range for consumers, reckons Peugeot: it's a demonstration of the fightback to rebuild the brand's image (think Ford ditching the 'Escort' badge and sticking with 'Focus' instead). The new 308 is 140kg lighter than before, more economical and gets a totally rethought cabin.