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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.

Button wins in Monaco – another Brawn 1-2

Button wins the Monaco Grand Prix 2009 [ad#ad-1] This year’s Formula One season is starting to turn in to a cross between a Roy of the Rovers special and a Disney Fairytale. Not content with simply getting the Brawn GP team up and running just in time for the start of the season, and then going on to win four of the first five Grand Prix of the year, Button and Barichello have crowned all those achievements for Brawn GP by winning in spectacular one-two style at the F1 ‘Jewel in the Crown’ event in Monaco. Button got off to a great start in qualifying by grabbing pole in the closing minutes of Q3 qualifying to join Raikkonen on the front row of the grid, with Barrichello riding shotgun for Button on the second row.

McLaren F1 GTR sells for record amount in Scottsdale

One of the most successful McLaren F1 GTR race cars sold at the Gooding & Co. Scottsdale auction over the weekend, bringing in $5.28 million. This 1997 F1 GTR is one of 10 longtail cars built for the 1997 FIA GT season, and it's one of only 28 made in GTR-competition specification.