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GM board will again delay decision on Opel's future, report says

General Motors Co.'s board will again postpone a decision on Opel's future at a two-day meeting starting today despite pressure from Germany to accept an offer for the European unit from Magna International Inc, a newspaper reported today. GM's board will delay a decision until October at the earliest, the German business daily Handelsblatt said, citing company sources. The paper said the board favors keeping Opel or, as a second choice, selling a majority stake to Belgian investment group RHJ International, which is offering 300 million euros ($433 million) in cash for a 50.1 percent stake in Opel.

Chrysler brand will handle Fiat 500 in U.S.

The Chrysler brand will handle U.S. distribution of the Fiat 500 minicar, said Peter Fong, Chrysler brand CEO and head of sales for all Chrysler Group brands. Fong said the 500 most likely will have a dedicated corner in Chrysler-brand showrooms.

Hungarian Grand Prix (2013) RESULT

Lewis Hamilton wins the Hungarian Grand Prix The story of Lewis Hamilton’s first season at Mercedes has been on of qualifying highs and race lows, but could Hungary be the place Hamilton turns all that promise in to a win? In a word – yes. Lewis Hamilton has won his first Grand Prix for Mercedes at the Hungaroring – a race he’s won three time before – in a brilliant drive, helped by a few lucky breaks, and despite Mercedes having problems all weekend with overheating.