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Fiat makes bid to buy Opel

The proposed partnership between Fiat and Chrysler has been thrown into a tailspin with revelations that the Italian carmaker has made a secret offer to purchase a majority stake in Opel. Klaus Franz, chairman of Opel's works council, on Thursday confirmed Fiat's interest in a takeover of General Motors' European subsidiary, suggesting that officials have cleared the way for the signing of a letter of intent as early as April 28. Opel has been in talks with parts supplier Magna International on a possible partnership over the past month.

BMW reveals ferocious new M3 and M4

IF YOU’RE no fan of Top Gear-style wheel-spinning, tyre-smoking oversteer, then it’s probably best to look away now, because BMW has unveiled the new M3 and M4. Essentially the same car underneath, the main differences come in the number of doors and the suspension settings, with the M3 built as a four-door, slightly more forgiving saloon and the M4 as a harder-edged two-door coupe. But both will go very sideways, if that’s the sort of thing that revs your engine, thanks to a shared 425bhp six-cylinder engine that sends all that juicy power to the rear wheels.

Hyundai and Rhys Millen extend deal for 2012

Hyundai Motor America and Rhys Millen will continue their partnership into the 2012 Global RallyCross season that starts on May 26 in Charlotte, N.C. He'll return to drive the hopped-up Veloster hatchback in all seven races, including two at ESPN's Summer X Games. “I'm thrilled to represent Hyundai and the Veloster in the GRC series for a second season,” Millen said.