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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.

Peugeot Boosts RCZ Range With Hot R Model

FRENCH car maker Peugeot is to launch a hot version of its striking RCZ coupe. The car will hit the showrooms in January priced at £31,995. Inspired by the firm’s RCZ Racing Cup track car, the flagship model rides 10mm lower than the rest of the RCZ range.

Ferrari-designed Santa's sleigh (2010)

Ferrari is used to building high-speed sports cars, but now it's undertaken a far more difficult design study: building the Ferrari sleigh for Father Christmas. Penned by the design team in Maranello led by Flavio Manzoni, the Ferrari supercar sleigh is said to use many of the design principles which underpin its roadgoing supercars such as the 458 Italia and California. It’s a lightweight sledge with the iconic Prancing Horse depicted on its flanks and racing numerals on the door panels.