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GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.

Porsche 918 Spyder: Pre-production prototype revealed

Porsche 918 Spyder Prototype Porsche has revealed the pre-production prototype of the 918 Spyder hybrid supercar, successor to the Carrera GT. The Porsche 918 Spyder – Porsche’s successor to the Carrera GT – is now entering the final stage of its development with the reveal of the Porsche 918 Spyder Prototype. If you look through the camouflage Porsche has given the 918 – a camouflage inspired by the Porsche 917 Racing livery – you can see the changes Porsche has made to the original concept and what will, in all probability, be the final look for the 918.

Citroën Cactus concept

Citroën has revealed its new Cactus concept, designed to preview the future of the carmaker's C-line. The Cactus concept is the result of a program that began with the debut of the C-Cactus concept at the 2007 Frankfurt motor show. The C-Cactus was designed to find out what motorists expect from cars and which equipment and features are considered the most important.