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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.

Panamera delays mean free luggage for owners

The first nearly 200 buyers of the Porsche Panamera in the United States are getting a little something extra--the Porsche luggage set, priced at $3,580--for free. Porsche is giving away the specially designed luggage because the first batch of Panameras are late--they've been held at the ports while a problem with the car's key and software have been fixed. The expectant owners were sent a letter from Porsche explaining the delay.

Land Rover LRX at Detroit

By Phil McNamara First Official Pictures 14 January 2008 04:21 Land Rover vows its proposed LRX coupé will beat Europe’s tough CO2 emissions targets, thanks to a diesel hybrid powertrain announced today. The company unveiled the LRX concept car, and confirmed that the firm is working on a 2.0-litre diesel hybrid for the LRX and Freelander. The hybrid LRX is claimed to emit 120g/km of CO2, meeting the European Union’s proposed CO2 target.