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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.
Insurance interest costs motorists millions
Fri, 24 Jan 2014BRITISH drivers are paying £682 million more than they should be for their car insurance by paying monthly. Most insurers charge a high rate of interest for the privilege of spreading payments out over the year, with the average pay-monthly customer hit by an additional £88. Almost a third of people (31%) pay their car insurance by monthly direct debit, market research from Consumer Intelligence has discovered.
Mercedes-Benz SL
Tue, 20 Dec 2011The next generation Mercedes-Benz SL – code name R231 – is the sixth model to wear the 'Sport Leicht' badge since the first back in 1954. Despite being 50mm longer (at 4612mm) and 57mm wider (1877mm) than its predecessor, the new SL is considerably lighter thanks to its aluminium construction. Its drag Cd figure of 0.27 also helps to increase efficiency.