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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.

Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

2010 Lincoln MKZ gets more power, noise insulation

For 2010, Lincoln hopes to lure more entry midsize-luxury shoppers to its fold with increased optional content and improved performance in the revised MKZ. The 3.5-liter V6 is unchanged with its 263 hp, but the six-speed automatic transmission with manually selectable gears is new. Thanks to lower early gears, the '10 MKZ slashes its 0-to-60-mph time from 7.7 seconds to 7.1 seconds over the outgoing model.