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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.

New Porsche Cayenne drives Porsche profits – up 25 per cent

Porsche Profits up 25 per cent - driven by Porsche Cayenne sales Building the Cayenne will be the end of Porsche, cried the Porsche anoraks when Stuttgart entered the SUV fray with the Cayenne back in 2003. But nothing could be further from the truth. As we’ve pointed out endlessly, the lure of a capable and sporty SUV with an iconic badge is a license for Porsche to print money.

College Exhibition: Monash University Degree Show 2009

Graduating students from the Industrial Design undergraduate program at Monash University in Melbourne, Australia recently presented their annual degree show. One third of the group developed transport related projects encompassing a broad range of topics including energy efficient personal mobility, sustainable materials and manufacturing, scientific data collection and emergency services. Overall, the students' work reflected a strong emphasis on user interaction, systems innovation and production integrity.