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Scottsdale, Arizona, US
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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.
Seat A4, sorry, Exeo (2008): first official photos
Wed, 01 Oct 2008By Tim Pollard First Official Pictures 01 October 2008 22:16 Seat sprung a surprise on the eve of the Paris motor show by bringing along its Audi-in-fancy-dress Exeo. It's the Spanish firm's short-cut family car, a renosed last-gen A4 that will serve up a Seat challenger to the Mondeo, Insignia, Laguna et al. The Exeo arrives in UK showrooms in the first half of 2009.
Chevy Volt production stopped as sales falter
Sat, 03 Mar 2012Chevy Volt production halted General Motors has announced that they’re halting production of the range-extender Chevrolet Volt as sales falter. The Chevy Volt is General Motors’ car of the future (and sister car to the Vauxhall Ampera) with a range extender engine and the ability to run on a plug-in charge. And GM proclaimed it as the future of the company and did everything they could to keep costs in check.