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Suzuki take Volkswagen to court

Suzuki are seeking to get their shares back from VW The partnership between Volkswagen and Suzuki promised so much. VW wanted an easy way in to the car market in India – where Suzuki is very strong – and in return Suzuki wanted access to the sort of technology – hybrid and EV – it couldn’t really afford to develop independently. And all looked rosy when VW took a near 20 per cent stake in Suzuki in 2009 But things started to go a bit awry when VW insensitively referred to Suzuki as an ‘associate’, where it could pull all the right strings, in its annual report.

Keels & Wheels concours features classic cars, wooden boats and more

“Not just anyone can do this,” a clearly exhausted Bob Fuller, chairman and founder of the 17th-annual Keels & Wheels Concours d' Elegance, said shortly after presiding over the awarding of 69 trophies in the automotive division of the two-day classic-car and wooden-boat show held at Seabrook's Lakewood Yacht Club south of Houston, Texas. “You have to have the facilities to do this, and we have these beautiful grounds surrounding this big protected harbor,” said Fuller, a car and boat collector. Fuller collaborated with cochairman Bob Merryman, then-president of the Southwest Chapter of the Antique & Classic Boat Society, to found the event, which benefits the Boys & Girls Harbor nonprofit.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.