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GM wants to wrap up Opel sale quickly

General Motors is anxious to wrap up the sale of Opel, a top executive said Tuesday. The bidding has been narrowed to Canadian auto parts conglomerate Magna--which is favored by the German government--and Belgian investors RHJ International. "I think everyone is anxious to get this thing done," GM CFO Ray Young said, according to Automotive News.

European Car of the Year shortlist announced

THE SEVEN CARS that will battle it out to become European Car of the Year (ECOTY) 2014 have been announced. Decided on by a jury of 53 motoring journalists from across Europe, the shortlists is made up of the BMW i3, Citroen C4 Picasso, Mazda 3, Mercedes S-Class, Peugeot 308, Skoda Octavia and Tesla Model S. This is the first time the ECOTY shortlist of contenders has included two electric vehicles with the BMW i3 and Tesla Model S.

Buy a hydrogen-powered car in 2015…at least in California

At the Consumers Electronics Show this week Toyota claimed that a production version of its four-door midsize FCV concept fuel cell sedan will hit showrooms some time in 2015. Toyota has been investing in fuel-cell technology for the past 20 years, and since 2002 it has been testing and developing prototypes primarily in North America. Toyota claims that it has reduced the cost of producing a fuel-cell powertrain, and has estimated a 95 percent cost reduction in the powertrain and fuel tanks for the 2015 production model versus the 2002 prototype.