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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.

Concept Car of the Week: Cadillac Sixteen (2003)

Many premium brands struggle to keep their heritage of crafts and aesthetics up to date without often falling into obvious retro references. With a rich tradition of innovation, Cadillac tackled this difficult task in 2003 by creating the stunning Sixteen concept. Its caricature-like proportions exaggerate all the luxury car design codes.

Arizona auctions: Valley of the dollars

The next chapter in the battle for auction supremacy will commence this month, when the auction giants gather under the sun for the annual Arizona auction week. Leading the charge is perennial powerhouse Barrett-Jackson, which gathers lots of cars and automobilia under one massive tent. Cars start hitting the block for the six-day auction on Tuesday, Jan.