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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.

Dodge future products: Caliber replacement will test Fiat alliance

Dodge will get a new compact sedan for the 2013 model year. The sedan, which replaces the Dodge Caliber, is crucial because it will be the first vehicle to showcase the full range of benefits from the Fiat-Chrysler alliance. The car will be built at Chrysler's Belvidere, Ill., plant on a Fiat platform that has been adapted to the U.S.

Lamborghini Gallardo Squadra Corse breaks cover at Frankfurt motor show

Lamborghini revealed the V10-powered Gallardo Squadra Corse at the Frankfurt motor show on Tuesday. The name refers to the recently founded department within the company that manages all motorsport activities, from GT3 to Lamborghini Blancpain Super Trofeo. Lamborghini says the Squadra Corse is derived directly from the race car version, using the same V10 engine and rear wing.