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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.

Sal Fish sells SCORE International

Culminating a deal that has been in the works for the last year, Sal Fish, longtime president of desert racing sanctioning body SCORE International, has sold the organization to racer and businessman Roger Norman. The sale marks the culmination of a lifetime of work for the seller. Fish got his start in desert racing when he was still in the publishing business.

Audi A8 W12 and Audi S8 cancelled for 2010

The 2010 Audi A8 will not have the W12 or the S8's V10 Update 1/12/2009: It looks like Audi has had a change of heart and has now confirmed plans for an S8 for 2011. Update 16/04/2010: And to completely trash this article, we now have confirmation that the 2011 Audi A8 L will come complete with W12. Oh, well.