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Alfa Romeo plans 'affordable' halo car

Alfa Romeo plans to build a rear-engine, rear-wheel-drive coupe that would become the brand's halo car. Fiat's struggling sporty brand aims to complete a concept car for the innovative lightweight coupe for a planned Geneva auto show debut next month. The concept is set to be built as the 4C GTA and go on sale for about $55,000 (40,000 euros).

Subaru Legacy concept hints to what’s in store for 2010

Don't let the concept tag fool you because the Legacy concept that Subaru introduced at the Detroit Auto Show News is basically what the 2010 Legacy will look like when it goes on sale this summer with the exception of minor tweaks. In celebration of 20 years of Legacy production designers gave it sharper lines, larger fender flares over all four wheels and more distinctive front-end treatment. Sharp headlamps with vertical LED lights sandwich the large grille with the Subaru logo centered.

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.