General Motors board recommends selling Opel to Magna-led group

General Motors Co.'s board has decided to support selling a majority stake in Opel to a group led by Canadian auto parts giant Magna. The move caps weeks of high-stakes maneuvering on both sides of the Atlantic that saw nationalism, labor issues and--perhaps most critical to GM, the use of its technology--all come into play. Magna and Russian lender Sberbank will get a 55 percent interest in Opel, the linchpin of GM's European operations for 80 years, as well as its British sister brand Vauxhall.

Winners announced in Factory Five design competition

Earlier this year, we brought you news of an open-sourced design competition from American kit car manufacturer, Factory Five. The brief called for a compact, two-seat roadster that shared a drivetrain with the Subaru Impreza. The car would feature a bespoke space-frame chassis, but the mechanicals would be lifted from the Impreza to allow the car to sell for under $15,000.

Koenigsegg Agera S Hundra: Geneva Motor Show

The 100th car of Koenigsegg’s history has been revealed at the Geneva Motor Show – the Koenigsegg Hundra – a one-off Agera S. Now the Koenigsegg Hundra (Hundra means 100th in Swedish) has been unveiled on the floor at Geneva, representing 4000 man hours of effort by Koenigsegg to make their 100th car special. Costing the deep-pocketed Hong Kong customer a hefty $1.6 million (half the price of the Lamborghini Veneno) the Hundra is based on the Agera S – 1016bhp and 811lb/ft of torque, 1400kg, 0-62mph in 2.8 seconds – and sports a naked carbon fibre body with gold leaf highlights.