Auto News 5

General Motors of Canada has signed a short-term loan agreement with Export Development Canada that, it said, would provide further flexibility in managing its normal operational needs while it works to complete its business restructuring plans in Canada. Full story...

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. Full story...

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. Full story...

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. Full story...

Roger Penske today confirmed reports that he has interest in General Motors' Saturn brand. But Penske, chairman of Penske Automotive Group Inc., emphasized that no offers have been made and hinted that GM's goal for a quick sale may not help a deal. Full story...

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. Full story...

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. Full story...

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...

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. Full story...

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...

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...

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...

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...

U.S. Sen. Charles Schumer urged General Motors and bankrupt supplier Delphi Corp. today to reach a quick deal for GM to buy back four of the supplier's production plants. Full story...

STOCKHOLM (Reuters) -- Sweden's government confirmed on Monday it has had contact with Italy's Fiat regarding General Motors' struggling Swedish automaker Saab. Full story...

The Canadian and Ontario governments provided a C$500 million ($425 million) loan to General Motors of Canada today to help with the company's restructuring. Full story...

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. Full story...

Fiat S.p.A. plans to take control of General Motors Europe without absorbing new debt, German Economy Minister Karl-Theodor zu Guttenberg said today, following talks with Fiat CEO Sergio Marchionne. Full story...

Fiat SpA plans to take control of General Motors Europe without taking on new debt, German Economy Minister Karl-Theodor zu Guttenberg said on Monday, following talks with Fiat's CEO Sergio Marchionne. Full story...

Fiat CEO Sergio Marchionne believes he could save 1 billion euros a year from merging his operations with General Motors' European operations. Full story...