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Caterham Superlight R600 debuts for 2013 race series

Filed under: “Too cool for the United States.” Caterham launched the fastest Seven in company history for its exclusive race series, the Superlight R600 Championship. The latest Seven is powered by a supercharged 2-liter Ford Duratec engine that churns out 275 hp and 200 lb-ft of torque. That power is sent to the rear wheels via a six-speed sequential gearbox and a Titan limited-slip differential.

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.

Cloud rises over diesel plan for Nissan Maxima

Nissan North America may postpone a V6 diesel engine planned for the Maxima sedan in 2010. Since the company revealed its Maxima diesel plan two years ago, gasoline prices have fallen dramatically, auto sales have collapsed and Nissan has begun reviewing product plans as it scrambles to restore profitability. "We haven't reached a decision on the diesel yet, but we have to consider where we want to put our capital investments," says Larry Dominique, North American vice president for product planning.