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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.

Museum benefactor Margie Petersen dies

Margie Petersen, wife of automotive publishing magnate Robert E. "Pete" Petersen and the driving force behind many of the couple's generous philanthropies, died Nov. 25 after a decades-long battle with breast cancer.

Hyundai Intrado Concept previewed ahead of Geneva 2014 debut

The Hyundai Intrado (pictured) will debut at Geneva 2014 The Hyundai Intrado Concept (pictured above) is being previewed ahead of a debut at next year’s Geneva Motor Show, and previews not just the new Intrado but Hyundai’s vision of its future. The Intrado (HED-9) looks to be a compact SUV/Crossover and features Hyundai’s Fluidic Sculpture 2.0 design, showcasing the design future of Hyundai now Peter Schreyer is pulling the design strings at Hyundai as well as Kia. Hyundai say the Intrado is built round a super-lightweight structure using advanced materials joined with a revolutionary technique which, say Hyundai, could change the way cars are constructed in the future.