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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.

Mercedes confirms C-class coupe to launch in 2011

Buyers seeking a blend of sportiness and luxury will get another choice in 2011: Mercedes confirmed this week it's adding a C-class coupe to its portfolio. The two-door will be built at the Mercedes plant in Bremen, Germany, where the C-class sedan, wagon and GLK are also assembled. The C-class coupe would fight the BMW 1-series, Cadillac CTS coupe and smaller Audis.

Jaguar premieres first Super Bowl ad ahead of game

Jaguar must have been ecstatic about its first Super Bowl ad because the British automaker decided to premiere it online before the big NFL showdown on Feb. 2. The ad features renowned British actors Sir Ben Kingsley, Tom Hiddleston and Mark Strong in the leading roles in its Super Bowl ad production.