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Video: Chevrolet engineer Oppenheiser talks 2012 Camaro ZL1

What we have here is a little teaser video of the 2012 Chevrolet Camaro ZL1 featuring chief engineer Al Oppenheiser. It was filmed at the Camaro Homecoming Event in Oshawa, Ontario, Canada, in June. Oppenheiser gives us a look at the 6.2-liter supercharged Camaro, explaining how airflow will enter the front grille and be drawn away from the engine with the hood vents.

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.

2015 Ford Mustang to serve as halo car in Europe, other overseas markets

Ford Motor Co. expects that its 2015 Mustang coupe will boost its image in Europe, even though the car will not sell in large numbers. "The Mustang's formidable reputation for performance and its iconic status as a symbol of freedom and optimism precedes it even in those parts of the world where the car has never been sold," Ford of Europe CEO Stephen Odell said today in a statement.