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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.

New V12 engine set to power baby Rolls-Royce

Rolls-Royce said Monday that the upcoming production version of the 200EX concept car revealed at the Geneva motor show earlier this month will be powered by turbocharged 6.6-liter V12 engine. Part of a new family of gasoline engines developed by parent company BMW--among which is the turbocharged 4.4-liter V8 used in the 7-series--the new four-valve-per-cylinder engine receives the latest in direct-injection technology and is claimed to produce in excess of 500 hp. With the smaller V8 developing 442 lb-ft of torque in the range-topping BMW, the new V12 destined for the price-leading Rolls-Royce is expected to be in the vicinity of 553 lb-ft--something that should ensure what the British carmaker likes to refer to as traditional waftability--in other words, relaxed cruising.

Automakers tease ads for Super Bowl 2013

Automakers are reaching out to celebrities, fans and even YouTube sensations for 2013 Super Bowl advertisements. CBS has reportedly sold out its ad inventory for the Feb. 3 broadcast of Super Bowl XLVII at prices averaging $3.7 - $3.8 million.