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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.

Porsche 960 supercar confusion

Porsche 960 - will sit below the Porsche 918 Spyder The Porsche 960 is a mid-engined Porsche supercar heading for production in 2015 and aimed at the Ferrari 458.  Now firmly in the bosom of the VW Group, Porsche is forging ahead with its plan to dominate every expensive ‘Sporty’ niche on the planet – a bit like Audi, but at a higher level. One of the new models we know about – or are almost certain we know – is on the way is a Ferrari 458 and McLaren MP4-12C competing Porsche 960. The venerable Georg Kacher talked about the Porsche 960 in Car Magazine last year and his utterings made much sense.

Kia plots rear-wheel-drive strategy

Kia is going rear-wheel drive. The company's first-ever production rear-wheel sedan will launch in Korea in the first half of this year. It's code-named “KH,” and it shares a platform with the Equus, Hyundai's top-of-the-line RWD sedan.