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General Motors board delays decision on favored Opel bidder

General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.

Ford posts $3 billion quarterly profit

Ford Motor Co. earned $3 billion in the fourth quarter, helped by a large gain from one-time tax items, and its full-year profit rose as U.S. sales and market share increased.

Toyota adds i-Road to urban mobility trials

TOYOTA has added its futuristic i-Road concept to its “Ha:mo” urban transport trials. It is the latest vehicle to be added to the rapidly expanding scheme, which is being held at the so-called Toyota City; Toyota’s huge presence in Japan’s Aichi Prefecture. The Ha:mo (Harmonious Mobility network) trials are an attempt to develop a sophisticated, integrated transport system for cities, making use of electric vehicles wherever possible but with the key emphasis on encouraging travellers to use the ‘most appropriate’ means of transport at all times.