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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.

Denmark's Zenvo ST1 supercar lurks at the Geneva Auto Show

Zenvo launched the first ST1 about two and a half years ago and has sold “five, about” since then, though the company's press material lists only two sales. Founded by a Dane and headquartered just outside Copenhagen, the world's only Danish supercarmaker has since been bought by a Russian oligarch. The Zenvo ST1 is designed, engineered and manufactured completely by Zenvo, which even made the engine.

Ferrari F620 GT confirmed for Geneva debut [w/video]

Ferrari has released a teaser video and image of its new F620 GT, due to debut at Geneva next month on both the Ferrari and Pininfarina stands. The video shows the heavily camouflaged car, which Ferrari claims will be the most powerful model ever, being tested around the Pista di Fiorano. Meanwhile a teaser image appeared on the manufacturer's website.