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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.

VW Passat Alltrack: UK price & spec revealed

VW Passat Alltrack - starts at £28,475 Volkswagen has revealed price and specifications for the VW Passat Alltrack. Arrives in the UK in May from £28,475. Volkswagen revealed the VW Passat Alltrack, a 4WD rufty-tufty, jacked-up Passat Estate back in November ahead of a public debut in Tokyo, and the promise of the first Alltracks in showrooms by April.

Volvo announces engines for upcoming V60 Sportswagon

Volvo has been listening to its American admirers. That's why next year we're going to get the fastest and most powerful wagon in Volvo history. Yes, it sounds like a good chunk of Volvo's U.S.