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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.

Ford engine plant builds number 10 million

Ford's 90-degree, overhead-cam Modular V8 has covered a wide spectrum since it was introduced in 1991--powering luxury cars, SUVs, pickups and high-performance sports cars. A large number of those engines have come from a Ford plant in Romeo, Mich., which has now built its 10-millionth engine--a 4.6-liter V8 that is headed for a 2010 Mustang GT. The Romeo engine plant was converted from a tractor factory.

Teen driver safety: The GDL Kickback

News that fewer teenagers are getting driver's licenses has been greeted with consternation in some corners, but it couldn't make the insurance industry happier. There are lies, damned lies and statistics--and sometimes legitimate, measurable trends. While some experts have quibbled about how some states report their information, no one argues the basic point: More teenagers are forgoing a driver's license longer than at any time in at least 20 years.