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Retailers urged to cut fuel prices
Tue, 17 Sep 2013FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.
GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By 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.
Join AutoWeek and Dutch Mandel for 2011 Mille Miglia coverage
Fri, 13 May 2011To celebrate the now-annual enthusiast extravaganza more commonly known as the Mille Miglia 1000 in Italy, AutoWeek is getting quality time in a legendary German coupe: the Mercedes-Benz 300SL, commonly referred to simply as the Gullwing. Our own Dutch Mandel is on the road in the Italian countryside. Check out his live tweets, photo galleries, reporting and event history at the AutoWeek Mille Miglia 2011 page.