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Fiat, Magna, investment firm are three finalists to buy Opel

Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary. Fiat has confirmed that it put in a bid for Opel. Final bids for Opel were due Wednesday evening.

2013 Ford Kuga goes in to production

The new (2013) Ford Kuga crossover – which debuted at Geneva in the Spring – has now gone in to production in Spain ahead of first customer car deliveries. Ford has announced it’s finally started to churn out the new Kuga at its plant in Valencia, and that the Kuga will be heading to Ford’s UK showrooms to get customer cars out in the new year. Despite starting production of the new Kuga, Ford still hasn’t come up with prices for its compact crossover, but says they will be available before the end of the year. On offer in the new Kuga is a range of new technology including the kick-to-open tailgate, Active Park Assist, Blind Spot Monitoring Torque Vectoring Control, SYNC and the first use of Ford’s EcoBoost engines in the Kuga (although no sign yet that the 1.0 litre EcoBoost will be added to the Kuga).

2014 Toyota Corolla debuts in Santa Monica

The all-new 2014 Corolla is the 11th generation of the largest-selling car in the world. Along with the Camry it's the very bread and butter of a very bread-and-butter automaker. So it's pretty important for Toyota.