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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.

MINI Countryman Cooper & Paceman Cooper get ALL4 4WD

The MINI Countryman Cooper (pictured) & Paceman Cooper get ALL4 4WD We always find it astonishing that car makers ‘ration’ the availability of four wheel drive platforms in their cars, usually citing a ‘lack of demand’. But that lack of demand is usually predicated on the lack of supply, and increasing the supply of 4WD cars would see more sold, especially after a series of harsh winters where many motorists struggled to keep their cars in a straight line. So the decision by BMW to extend the availability of their ALL4 4WD setup to a wider range of MINIs is welcome, with the petrol Countryman Cooper and Paceman Cooper now getting the ALL4 option too.

Sainsbury's slashes fuel prices

SAINSBURY'S has become the latest supermarket to slash fuel prices. From Friday, Sainsbury's is cutting the cost of its petrol by up to 6p a litre and its diesel by up to 4p a litre. This means customers will pay no more than 129.9p a litre for petrol and 136.9p for diesel.