65-66 Ford Mustang Standard Package Traydark Red on 2040-parts.com

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.

VW developing 10-speed transmission to save fuel

Volkswagen is developing a 10-speed dual-clutch transmission to help reduce fuel consumption in its vehicles, CEO Martin Winterkorn said. The transmission is one of a number of drivetrain technologies that the automaker is focusing on for the mid- and long term, he said. Others include plug-in hybrids and a high performance diesel engine.

Saleen Performance Vehicles reveals new Mustang

Another day, another Saleen Mustang. Saleen Performance Vehicles is unveiling its first version of the 2010 Ford Mustang, the 435S, this week at an enthusiasts' event in Myrtle Beach, S.C. The car is fitted with a Saleen Series VI supercharger and makes 435 hp and 425 lb-ft of torque from its upgraded 4.6-liter V8.