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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.

Peugeot 207 GTI (2007): first official pictures

By Tim Pollard First Official Pictures 09 February 2007 11:18 Peugeot 207 GTI: the lowdown Could this be the hot hatch to restore the sheen on Peugeot’s GTI badge? On the experience of the French company’s past few efforts, probably not – but the 207 GTI looks set to improve on the lacklustre outgoing 206. Headline-grabbing highlights include the same 175bhp turbo 1.6 as the latest Mini Cooper S; although it’s down on power compared with punchy 190bhp+ rivals like the Renault Clio 197 and Vauxhall Corsa VXR, a brief overboost facility unleashes 195lb ft of twist for overtaking moves in the top three gears to narrow the gap.

Faulty airbags cause recall of 3.4 million cars

Toyota, Honda and Nissan are recalling more than 3 million vehicles made between November 2000 and March 2004 for faulty airbags from parts supplier Takata, Automotive News reported on Thursday. So far, 1.73 million Toyotas, 1.14 million Hondas, and 480,000 Nissans are involved in the recall. But the report from Automotive News suggests Takata also supplied other manufacturers with the same airbags.