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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.
Nissan X-Trail: news and photos of 2010 facelift
Tue, 03 Aug 2010The most inconspicuous facelift award could be a hotly contested category if it existed. Vying for contention, for a second successive generation, would be this: the Nissan X-Trail. Over its 10-year cycle on the roads of Britain, the X-Trail has been subjected a minor nip-tuck facelift and even a complete makeover in 2007.
Honda CR-Z at Detroit motor show 2010
Mon, 11 Jan 2010Honda has today debuted the production version of its CR-Z hybrid sports coupe at the 2010 Detroit motor show. The styling is inspired by the old CRX, but under the skin the CR-Z is pure 21st century hybrid. Featuring a 1.5-litre petrol engine with 108bhp and 71lb ft torque, the CR-Z produces 122bhp and 128lb ft in total thanks to the boost provided by its IMA parallel hybrid system.