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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.
Jaguar XE (2016)
Tue, 09 Sep 2014The XE is Jaguar's rival to the BMW 3 Series, Audi A4 and Mercedes C-Class. It's the smallest of Jaguar's sedans, fitting into the range below the XF and XJ. It's the first production model to use Jaguar's aluminum architecture that's intended to reduce weight, yet increase flexibility for both engineers and designers.
2015 Hyundai Sonata shows off at the New York auto show
Wed, 16 Apr 2014Hyundai dished more details about its redesigned 2015 Hyundai Sonata at the New York auto show, including plans to introduce a “Sport” trim level for the U.S. market to compete with the Toyota Camry SE and Honda Accord Sport. “We were actually able to do quite a lot,” to differentiate the sporty Sonata version and a couple more variations, said John Shon, product planning manager for Hyundai Motor America.