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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.

José Mourinho to get first F-Type Coupe

José Mourinho will be the first customer to drive away in a Jaguar F-Type Coupe after its UK launch tomorrow, as the company announces the Chelsea FC manager as its new brand ambassador. The official UK launch of the Jaguar F-Type Coupe will take place tomorrow evening at Eastwinter Garden in London’s Canary Wharf. Jaguar F-type R Coupe prototype review (2014 onwards) 21 reasons why the Jaguar F-Type Coupe will blow your mind The event, hosted by Jaguar Land Rover managing director Jeremy Hicks, will be open to prospective customers, brand ambassadors and the British media.

New Mercedes A Class: Production increased to meet demand

With over 70,000 orders already in the pipeline for the new Mercedes A Class, Mercedes are increasing production to meet demand. The increase in production at Mercedes plant in Rastatt, Germany, means adding a third shift to effectively increase production by almost 50 per cent and make a dent in the 70k plus orders Mercedes already has for the new A Class. That’s in stark contrast to the recent news that Mercedes is having to slash production of the S Class as sales falter, partly due to a new S Class in the pipeline for 2013 but also because buyers are falling in love with more compact offerings.