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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.

Supermarkets cut fuel prices

LATE SUMMER driving will be less expensive following supermarket fuel price cuts. From tomorrow Asda, Sainsbury's and Tesco are all reducing the cost of their petrol and diesel by 2p a litre. In Asda's case, the reduction means its customers will pay no more than 126.7p a litre for petrol, with diesel being 129.7p a litre - its lowest price since January 2011.

Porsche Panamera (2009): first official photos

By Tim Pollard First Official Pictures 24 November 2008 09:00 Today's launch of the new Porsche Panamera is a timely reminder that Porsche is no stranger to controversy. It is happiest pursuing mechanical layouts others deem impossible, turning gamekeeper and buying Volkswagen outright, and laughing in the face of cynics who deplore Porsche-badged off-roaders. The new Panamera sports saloon is going to reignite plenty more controversy, trust us.