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Kansas City car dealer admits to sending $23,500 to al-Qaida

A Kansas City used-car and auto-parts dealer admitted in federal court to sending $23,500 to terrorist group al-Qaida. Khalid Ouazzani pleaded guilty on Wednesday to terrorism-related charges in court in Missouri and admitted he sent the money to the terrorist organization through a bank in the United Arab Emirates in 2007-08. He also pleaded guilty to bank fraud and money laundering.

SMS Supercars releases illustrations, pricing for go-fast Mustangs

SMS Supercars released illustrations this week of its new performance Mustang, which will start at $64,990 for the coupe. SMS is Steve Saleen's new venture, and it is planning two main versions based on the 2010 'Stang. A 470-hp model, the SMS 460, is the “base” car, and a convertible version is $69,990.

General Motors board delays decision on favored Opel bidder

General Motors Co.'s new board of directors made no recommendation in favor of one of the two rival bidders for Opel, the company said on Tuesday. The board has been updated on the Opel sale process but because talks are continuing with Magna International and Belgian investment company RHJ International, no recommendation has been made, GM said in a brief statement. GM's new board of directors was expected to choose one of the two bidders at a meeting on Monday evening.