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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.

1960 Maserati Birdcage to cross the block at Mecum Monterey auction

Mecum Auctions is touting a 1960 Maserati Tipo 61/60 sports racer--a “Birdcage” series original--as part of its high-profile lineup for its Monterey sale this summer. The 1960 Maserati Tipo 61/60 Birdcage stands for a creative streak in Maserati's design. It was originally built for legendary Le Mans racer Briggs Cunningham, now a member of the International Motorsports Hall of Fame, and competed at Sebring in 1960.

Toyota to premiere five concepts in Tokyo

Toyota is the latest carmaker to announce the contents of its show stand for the upcoming Tokyo motor show, with five new concepts being unveiled. The latest development of the Fuel Cell Vehicle (FCV) Concept will make its debut – previewing a production model that could launch next year – alongside concepts exploring the future of taxis and compact MPVs. We'll also see the introduction of the FV2 (Fun Vehicle 2) concept, which Toyota says is designed to capture its ‘fun-to-drive' philosophy, and the Aqua G Sports concept.