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U.S. car sales jump 20% in August

UPDATED -- U.S. auto sales--led by Honda Motor Co., the Volkswagen Group and Toyota Motor Corp.--jumped 20 percent last month for the strongest monthly pace in three years. The Detroit 3 also posted double-digit sales gains for August, signaling the auto industry's recovery remains solidly on track despite sluggish economic growth, rising gasoline prices and widespread consumer uncertainty.

GM wants to wrap up Opel sale quickly

General Motors is anxious to wrap up the sale of Opel, a top executive said Tuesday. The bidding has been narrowed to Canadian auto parts conglomerate Magna--which is favored by the German government--and Belgian investors RHJ International. "I think everyone is anxious to get this thing done," GM CFO Ray Young said, according to Automotive News.

Kia Naimo concept at the Seoul auto show explores an electric-powered city car

Kia continues to explore its electric-car capabilities with the Naimo small-car concept, unveiled on Thursday at the Seoul motor show. The boxy, four-seat Naimo fits into the B-size class, which includes cars such as the Honda Fit, the Toyota Yaris, the Ford Fiesta and the Chevrolet Sonic. The Naimo is 153.2 inches long and has a wheelbase of 104.2 inches.