CHICAGO - General Motors Corp. today will make a presentation to the Detroit Police and Fire Retirement System to try to persuade the pension board to loan the ailing automaker up to $500 million by investing in GM's prominent downtown Detroit headquarters.

GM is also trying to schedule a meeting with Detroit's general retirement system pension board to talk about a possible deal. The move is an effort to raise cash for the ailing auto giant, which wants to raise $5 billion as part of a $15 billion restructuring plan.

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