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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.

Ferrari 458 Speciale to debut at Frankfurt motor show

Update: Preview video added below, and yes, you can hear the car's engine -- barely -- through the thumping movie trailer-like music. A new Prancing Horse is set to go public at the 2013 Frankfurt motor show: Ferrari will use the event to introduce the 458 Speciale, which will join the 458 Italia and 458 Spider at the lower end of Ferrari's range. Visually, the 2,844 lb., mid-engined 458 Speciale doesn't depart too much from the 458 Italia, though the new model gets a more aggressive fascia and a massive hood duct that -- when coupled with an apparently F1-inspired interior -- hints at the no-nonsense sporting purpose of the car.

Saab 9-3 EV prototype revealed by NEVS

Saab 9-3 EV prototype revealed by NEVS When National Electric Vehicle Sweden (NEVS) bought what was left after the debacle of bankruptcy, the plan was to create a range of electric cars using the Saab brand. But that hasn’t gone to plan, even though the first electric Saab 9-3 Prototype has now been revealed. In fact, Saab under NEVS has also come close to bankruptcy recently as an unpaid supplier took court action (although NEVS say that little local difficulty has been solved) and NEVS had to resort to building ICE engined Saabs to keep a few bob coming in.