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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.
BMW i3 EV takes to the race track (video)
Sat, 14 Dec 2013BMW i3 EV takes to the race track (video) The BMW i3 EV City Car finally got revealed in July in production guise, and it’s a clever car if not exactly a looker. With a lightweight inner body made from carbon fibre and an electric motor that offers 168 bhp and an instant 184lb/ft of torque it has more than enough power to keep up with traffic in any city. Sadly, the i3 hasn’t done particularly well in Euro NCAP tests but that hasn’t stopped orders for the i3 exceeding anything BMW could have reasonably expected.
Ford lowers Sync price
Mon, 01 Aug 2011Ford is cutting the price of its Sync software, the company said on Monday. The price will drop from $395 to $295, and Sync will be available on base trim levels for the first time. The new pricing rolls out on the 2012 Ford Explorer and Ford Edge base models.