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General Motors board recommends selling Opel to Magna-led group

General Motors Co.'s board has decided to support selling a majority stake in Opel to a group led by Canadian auto parts giant Magna. The move caps weeks of high-stakes maneuvering on both sides of the Atlantic that saw nationalism, labor issues and--perhaps most critical to GM, the use of its technology--all come into play. Magna and Russian lender Sberbank will get a 55 percent interest in Opel, the linchpin of GM's European operations for 80 years, as well as its British sister brand Vauxhall.

Hennessey Performance CTS-V wagon breaks its own record at the Texas Mile

Everything's bigger in Texas, and it appears everything's faster, too. John Hennessey and his company, Hennessey Performance, brought its tuned-up, 707-hp Cadillac CTS-V wagon--a.k.a., the Hammer Wagon--to the Texas Mile and posted a one-mile speed of 189.7 mph, a new record for the car. And that wasn't even terminal velocity, according to Hennessey.

Fiat 500 Abarth (2008): first official pictures

By Tim Pollard First Official Pictures 20 February 2008 10:00 Watch out Mini, the Fiat 500 – CAR’s car of the year 2007 – is getting the high-performance treatment. The Abarth version unveiled today is pitched as a new interpretation of the Sixties road racer, but can they make a bigger, heavier hatch as exciting as that?The 500 Abarth 2008-style uses the Fiat group’s 16-valve 1.4-litre Fire engine breathing with the assistance of an IHI variable-geometry turbocharger to deliver a warm 135bhp at 5500rpm. So this car won’t challenge the upper echelons of hot-hatchdom that now have to pump out closer to 200bhp to be in contention.