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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.

Exclusive: Laurens van den Acker to replace Patrick le Quément at Renault

The wheels of change are continuing to turn within the automotive design industry, with yet another new appointment being made at the director level. According to industry insiders, Laurens van den Acker is set become the new Design Director at Renault when Patrick le Quément retires later this year. One of the most pre-eminent car designers in the world, Patrick le Quément began his design career at Simca, worked at Ford for 17 years and did a brief stint at Volkswagen before taking the top design job at Renault.

Toyota previews two new Geneva-bound concepts

Toyota has released the first images of its FT-86 Open and i-Road concepts ahead of their debuts at the upcoming Geneva motor show. The carmaker's FT-86 Open concept previews a potential future development of the GT86 sports coupe. Toyota is using the concept to gauge public reaction while carrying out engineering tests on a prototype.