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General Motors says Magna's Opel bid has obstacles, RHJ's is easier to accept

General Motors Co. says a bid for Opel from Magna International faces hurdles while a rival offer from Belgian investor RHJ International would be easier to accept. Writing on GM Europe's Web site, John Smith, GM's chief negotiator for the Opel sale, says Magna's bid "contained elements around intellectual property and our Russian operations that simply could not be implemented." He adds: "GM has partners in other parts of the world who have joint ownership of these assets ...

Auburn spring auction includes car collector panel

Visitors to the Auburn Spring Collector Car Auction will get a treat in May when Reggie Jackson, Major League Baseball Hall of Famer; Wayne Carini, host of HD Theater's Chasing Classic Cars, and concept-car expert Joe Bortz take part in a panel discussion about the world of the collector car. The panel discussion will take place at the Auction Park Arena in Auburn, Ind., on May 14 at 9 a.m. before the auction starts.

Britain to be third global production site for the Nissan Leaf EV after Japan, U.S.

Nissan Motor Co. said it will build the new Leaf electric vehicle at Britain's Sunderland assembly plant starting in early 2013, with initial capacity of 50,000 units. The Japanese company and its French alliance partner Renault will invest more than $642.6 million in the project, including the construction of a lithium ion battery plant on the site.