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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.

New Mexican Supercar company to launch VUHL 05 at Goodwood FoS

A new track-focused, road-legal supercar from Mexican manufacturer Vuhl – the VUHL o5 – will launch at the Goodwood Festival of Speed. Supercar companies spring up all over the place with men in sheds thinking they can take on established supercar makers and take a part of the supercar market in the process. Most fail to get beyond CAD renderings of their dream, but a new Supercar company from Mexico – Vuhl – has the help of established automotive industry names like Ford and Magna Steyr, and they’re promising to reveal their new car – the VUHL 05 – at this year’s Goodwood Festival of Speed in July.

3,000bhp supercar selection set for Birmingham

THE NEW age of efficiency appears not to be dampening manufacturers’ desire to build high-performance flagship cars, with 3,000bhp worth of shiny new models set to descend on Birmingham’s Performance Car Show in January. Among the headliners are the Jaguar XKR-S GT, the Ferrari F12 Berlinetta, McLaren 12C Sprint and Aston Martin Vanquish. The Ferrari steals the outright performance headlines, with 0-62mph dispatched in just three seconds and 100mph disappearing in only 6.5 seconds, courtesy of a melodious 6.3-litre V12 engine under the long bonnet.