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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.

Parking ticket issued every four seconds

UK traffic wardens issued a parking ticket every four seconds last year, dishing out a total of 7.8 million in fines and raking in a whopping £255 million from motorists. The figures, obtained through a series of freedom of information requests by Churchill Insurance, found that Westminster City Council issued the equivalent of more than four Penalty Charge Notices (PCNs) per resident in 2013, generating an income of £24 million for 455,000 fines. Parking wardens given ‘illegal’ bonus targets How to appeal a parking ticket Outside London, Cardiff issued the most fines at 57,000 – while North Somerset Council generated the most revenue at £2.25 million.

Rolls-Royce RR4 preview

Rolls-Royce Motor Cars today revealed the first design sketches of its next new model. Known internally as the RR4, the car is due to be launched in 2010 and will sit alongside the Phantom in the model line-up. The RR4 will be smaller than the Phantom and powered by a new engine, unique to Rolls-Royce.