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Former Chevrolet Volt chief takes helm at Fisker

One of the key architects of the Chevrolet Volt is taking the helm of Fisker Automotive. Tony Posawatz, a veteran General Motors executive, has replaced former Chrysler CEO Tom LaSorda as chief executive of Fisker. LaSorda had just taken over as CEO in February, after joining the company in late 2011.

Lee Noble announces his new supercar project

The spirit of the original Noble M12 will be revived by the new Fenix Automotive supercar from Lee Noble By Tim Pollard Motor Industry 19 November 2009 01:00 Brit supercar visionary Lee Noble today has announced his new supercar project. His latest venture is called Fenix Automotive Limited – and it'll launch a new sub-£75,000 V8 supercar by this time next year, it was revealed today.The new Fenix-designed sports car will be a lightweight, mid-engined V8 that'll carry on where the original Noble M12 and M400 left off. Although the new supercar hasn't been named yet, Noble promises it'll be an ideal track-day tool capable of ripping to 100mph in less than seven seconds or pootling around on a weekend road trip.Hang on.

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.