WRAPUP 2-Magna takes lead in bidding for GM's Opel

Newswire

* Magna, GM reach preliminary deal on Opel-sources * Fiat CEO says won't take 'extravagant risks' for Opel * Saab gets more time to restructure * Renault, Nissan seek more savings from alliance By Gernot Heller and Christiaan Hetzner BERLIN/FRANKFURT, May 29 (Reuters) - Auto parts maker Magna International took pole position in the battle for General Motors' German unit, Opel, after reaching what sources said was a preliminary deal with GM. A top-level government meeting was ...

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