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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.

Ken Block Gymkhana World Tour 2011 – Video Highlights

Ken Block Gymkhana World Tour 2011 Video Ken Block took his Gymkhana antics round the world in 2011, and we have a six minute video of highlights. If you have petrol running through your veins, you’ve got to love the antics of super-hooning Ken Block. And if you do, you’ve had a few chances to catch Ken and his Gymkhana antics this year as the good Mr Block took his hooning circus on a world tour.

Penske said to be considering bid for GM's Saturn

Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity. Penske, whose Penske Automotive Group dealership chain distributes Daimler AG's Smart microcars in the United States, is the second entity known to have an interest in Saturn.