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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.

Race of Champions 2008

By Ben Whitworth Motor Shows 11 November 2008 11:22 The KTM X-Bow has been signed up to star in the 2008 Race of Champions. The minimalist trackday special will be one of a number of cars in which competitors will lock horns at the annual motorsport extravaganza at Wembley Stadium on 13-14 December. The X-Bow open cockpit will, according to RoC organisers Fredrik Johnsson and ex-rally ace Michele Mouton, allow spectators at the adrenalin-fuelled two-day event to see the world’s greatest drivers from Formula 1, World Rallying, World Touring Cars and the Le Mans 24 Hours in full-blooded action.

Hyundai HB20 & HB20X debut in Brazil

Hyundai has debuted the HB20 hatchback and HB20X Crossover at the Sao Paulo Motor Show in Brazil. The Hyundai HB20 – which shares its basic underpinnings with Europe’s i20 – has, say Hyundai, been developed exclusively for the Brazilian market and comes in a choice of nine trim levels and with a choice of a 1.0 litre and 1.6 litre flex fuel engines with a five-speed manual, or an auto option on the 1.6 litre. Changes to the Brazilian HB20 (HB stands for ‘Hyundai Brazil’) include specific setup for Brazilian roads (which can be even worse than ours), cosmetic tweaks to the exterior and a different interior.