Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Roger Penske is considering a bid for General Motors' Saturn brand, a source familiar with the auto entrepreneur's plans said today. Penske is studying the issue but has made no proposals, said the source, who spoke on condition of anonymity.
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Racing car legend and automotive entrepreneur Roger Penske is a possible bidder for General Motors' Saturn brand, The Wall Street Journal reported this evening on its Web site, citing people familiar with the situation.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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Magna International would only seek to buy 20 percent or less of General Motors' Opel unit, Magna chairman and owner Frank Stronach was quoted as saying on Tuesday.
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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.
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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.
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Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment.
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German Economy Minister Karl-Theodor zu Guttenberg cautioned against waiting too long to settle on a bidder for General Motors unit Opel, saying a decision could come this month.
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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.
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Renault is positioning its redesigned Clio as the principal challenger to Peugeot's 207 for dominance in Europe's highly competitive small car segment.
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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.
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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.
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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.
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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.
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Japanese Formula 1 driver Kazuki Nakajima has confirmed widespread paddock speculation that his links with Toyota helped him secure the Williams race seat.
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A third and most likely option for the branding of a David Richards-headed formula one team has emerged.
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Two central figures of international motorsport have played down reports that contractual protections could safeguard Britain's traditional spot on the formula one calendar.
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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.
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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.
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