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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.

Tesla rolls out Model S hatchback, plans late 2011 start

Amidst thumping techno and inside his own rocket factory, Tesla founder and CEO Elon Musk pulled the cover off his much-anticipated second car onThursday. The Model S five-door hatchback will go into production in late 2011 at a rate of 20,000 per year. Prices will start at $49,900 for the base model, a price that assumes the $7,500 current Federal tax credit available.

Hyundai ix35 – UK details

The Hyundai ix35 will launch at the Frankfurt Motor Show But now we have more Euro details from Hyundai on the ix35 which will officially launch at the Frankfurt Motor Show next week. The new ix35 is longer and wider than the outgoing Tucson but is actually 20mm lower, although headroom is unaffected. As we already know, the ix35 is a pretty close call for the ix-onic concept we saw at Geneva, and features Hyundai’s new hexagonal grill.