1950 Pontiac Dash on 2040-parts.com

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.

Toyota hands over small-car development to its European unit

Toyota Motor Corp.'s European division next month will take charge of global product planning for small cars as the Japanese automaker expands model research and development in the region. The change, announced Dec. 17, means that Toyota will count on Europe to develop future products in the minicar, subcompact and compact segments, something that Ford Motor Co.

Dacia Sandero: Price from £5,995

The new 2013 Dacia Sandero – revealed at Paris 2012 – is to cost from just £5,995 when it arrives in the UK in January 2013. The Sandero joins the Dacia Duster SUV in an attack on the burgeoning ‘Budget’ market in the UK and stands out as a Fiesta rival at almost half the price you’d pay for entry in to Ford’s evergreen supermini (£9,795). The Sandero’s styling isn’t cutting edge, but nor does it shriek ‘Cheap’ at first glance.