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 ...

Report: New-vehicle purchase price on the rise

The average purchase price of a new car is on the rise, according to a recent report from automotive analysts at truecar.com. The average transaction price for passenger cars and trucks in the United States was $31,087 last month, up $339 from March 2012. Transaction price, or the out-the-door price, includes taxes, titles and fees.

Kia unveils GT4 Stinger at 2014 Detroit Motor Show

When you hear the brand ‘Kia’, what do you think of? Top Gear’s Reasonably Priced Car and seven-year warranties, perhaps? If so, you might be surprised to hear that Kia’s unveiled a rear-wheel drive 315hp coupe that the brand says “pushes the boundaries of performance” and “places man and machine in harmony on the road or track”.