Auto News 5

General Motors' Saab unit is not in talks with Fiat S.p.A. about a takeover, the Swedish automaker's top executive said in a newspaper interview on Tuesday. Full story...

Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment. Full story...

Magna International said on Monday it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit. Full story...

Linamar Corp. reported a quarterly loss on Monday as the auto industry's global slump slashed demand for its parts, but it said it was picking up market share and on track with plans to cut costs and pay off debt. Full story...

BRENTWOOD, 05 May, 2009 - The Ford car designed for the young at heart is refusing to grow old gracefully as the Ford Capri celebrates its 40th anniversary. Full story...

German car manufacturer BMW has joined Ferrari in hinting that it is willing to quit formula one if the 'two-tier' budget cap is imposed for 2010. Full story...

Japanese Formula 1 driver Kazuki Nakajima has confirmed widespread paddock speculation that his links with Toyota helped him secure the Williams race seat. Full story...

A third and most likely option for the branding of a David Richards-headed formula one team has emerged. Full story...

Two central figures of international motorsport have played down reports that contractual protections could safeguard Britain's traditional spot on the formula one calendar. Full story...

In the IndyCar Series as well as in the world of motorsports, the month of May has always been associated with the famous Indianapolis 500 and there will be a lots of on-track action before the start of the famous race on May the 24th. Full story...

Auto123.com has teamed up with Canadian race car driver Bruno Spengler for the 2009 season of the DTM, the hotly disputed German touring car championship. Full story...

BURNABY, B.C., May 5 - BCAA, BCIT and B.C. Ford Dealers are handing high school students the keys to jumpstart their careers in the automotive repair industry as they team up to reward students for their automotive knowledge and technical skills. The competition is especially relevant during a time when more motorists are fixing their older vehicles instead of buying new ones; in hopes their used automobiles will survive the recession. Full story...

By adding nitrogen as an additive, Shell is planning on offering North American consumers the cleanest gas available on the continent to date. The announcement, made during a press conference, also responds to the demands of certain performance car manufacturers that are calling for cleaner and cleaner gasolines to facilitate the development of new technologies. Full story...

Shanghai GM, one of China's leading manufacturers of passenger cars, recorded a domestic sales increase in April of 34.7 percent year on year to 55,245 vehicles. Demand for its Buick lineup rose 63.6 percent to 38,071 vehicles. Sales of the Excelle lower-medium sedan increased by more than 120 percent to 22,078 units, while sales of the new Regal upper-medium sedan - which was introduced at the end of last year - totaled 6,368 units. Full story...

Munich/Vienna. When fashion and music come together at the Life Ball, the result will always be something fascinating and unique - the new Life Ball MINI created in Katy Perry style by American designer duo The Blonds. Full story...

The LR3 is Land Rover's mid-size luxury SUV that replaced the venerable Discovery in 2005. The LR3 retains Land Rover's legendary off-road prowess while incorporating a touch of royalty into its existence. Full story...

Ron Gettelfinger, whose UAW is poised to become the majority shareholder of a reorganized Chrysler LLC, says the union has no interest in being a long-term owner of auto company stock. Full story...

UAW President Ron Gettelfinger, whose union is poised to become the majority shareholder of a reorganized Chrysler LLC, says he has no interest in being a long-term owner of auto company stock. Full story...

Chrysler LLC received bankruptcy court approval for $4.6 billion in debtor-in-possession financing today to make payments to dealers and suppliers and to buy time to complete an alliance with Fiat S.p.A. Full story...

Magna International said on Monday it was in talks with General Motors and German government officials about possibly taking a minority stake in GM's Opel unit. Full story...