Auto News 5

Swedish carmaker Saab is in a difficult position after being left out of the deal by General Motors to sell its German unit Opel, Prime Minister Fredrik Reinfeldt was quoted as saying on Saturday. Full story...

Fiat S.p.A could turn to France's PSA/Peugeot-Citroen as a potential merger partner after its bid for Germany's Opel failed, but a deal would be full of complications. Full story...

Suppliers with outstanding receivables not covered by last Thursday's $2 billion early payment by General Motors are likely to be paid even after the automaker files for bankruptcy. Full story...

General Motors and the U.S. government finalized plans Sunday for the company to reorganize, setting the stage for America's largest-ever industrial bankruptcy and heralding a new and uncertain era for the No. 1 U.S. automaker. Full story...

McLaren is considering scrapping the 2009 season and turning its full attention and resources to next year. Full story...

Solemn but confident, GM's CEO in the United States, Fritz Henderson, addressed the media today to present the outlines of the company's decision to file for Chapter 11 bankruptcy protection. Full story...

Mercedes-Benz may be moving closer to adding corporate branding to the cars of the championship-dominating team Brawn GP. Full story...

General Motors of Canada Limited announced today that its comprehensive restructuring plan has been approved by the Canadian and Ontario Governments. The agreements reached with key stakeholders will enable the company to complete its restructuring efforts without the need for court-supervision. The filing by General Motors in the United States is not expected to affect GM Canada's operations. Full story...

Young Canadian driver J.R. Fitzpatrick had his first start this week-end behind the wheel of the Kevin Harvick Inc. (KHI) No. 4 Chevrolet Silverado in the Camping World Truck series' AAA Insurance 200 at Dover International Speedway. Full story...

Ben Spies (Yamaha) scored his fifth and sixth WSBK wins of the season in front of his home fans at Miller Motorsports Par, pushing closer to Championship leader Noriyuki Haga who had a less than stellar day. Full story...

Chrysler LLC today announced that the U.S. Bankruptcy Court, Southern District of New York, has approved its request to sell substantially all of its operations to Chrysler Group LLC, the new company formed in alliance with Fiat SpA. Full story...

A Volvo that can be fuelled with electricity from a standard wall socket will be a reality in 2012. Swedish energy company Vattenfall and the Volvo Car Corporation are launching an industrial joint venture partnership to introduce plug-in hybrids on the market. The ground-breaking technology will considerably lower the environmental impact from traffic. In addition, owning a plug-in hybrid vehicle will be convenient since you can fuel up at home and fuel costs are significantly lower. Full story...

Even though he was not starting from pole, Valentino Rossi (Yamaha) tried his best to earn his 8th victory in a row at the Italian Grand Prix in Mugello, but in the end, Casey Stoner (Ducati) made off with his first ever victory at this venue. Full story...

Max Mosley supports the influx of prospective new names to the formula one entry list. Full story...

Jarno Trulli made a visit to Canada after the recent Monaco grand prix. Full story...

Aurora, ON - Magna International Inc. announced today that, following extensive negotiations over the past several days with various stakeholders, including representatives of German federal and state governments, GM Europe, General Motors Corporation and the US Treasury, it has reached a conceptual framework that should allow Opel to avoid a possible insolvency filing and pursue the restructuring required for its immediate and long-term viability. Full story...

Starting now, you officially need a passport -- and lots and lots of patience -- to cross the border. Indeed, as of June 1, 2009, Canadians who wish to enter the United States at its land or water crossings must present this document. Full story...

It's official since 8 AM: General Motors is going bankrupt. U.S. President Barack Obama will hold a press conference at noon, while GM CEO Fritz Henderson will follow 15 minutes later with the company's statement. Full story...

MISSISSAUGA, ON, - UPS Canada has committed to investing in the growth of its fleet of alternative fuel vehicles with the introduction of 167 new liquid propane-fuelled trucks. Full story...

SEAT and BMW dominated one race apiece in the fifth event of the season that attracted a crowd of 32,000 over the two days. Full story...