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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.

Porsche 918 Spyder Hybrid Monterey +video

The Porsche 918 Spyder in Monterey Unless you’ve been locked in a cupboard for the last week, you can’t have failed to notice that this weekend the car world – or at least the upper echelons of the car world – has migrated to Monterey in California for a weekend of basking in the beauty that is the automobile, which culminated in the Pebble Beach Concourse d’elegance We’ve had a couple of premiers from Jaguar and a crash by Sir Stirling Moss; the US has acquainted itself with the Bugatti Veyron SuperSports and the Morgan Eva GT got its world premier. And Porsche took the 918 Spyder Hybrid to Monterey to let the world see it – and to pitch its wares to some of the wealthiest collectors on the planet. Which gives us the opportunity to bring you a VT of the Porsche 918 Spyder on the move.

Porsche 918 Spyder stars at the 2013 Frankfurt Motor Show

Porsche stunned the world when it unveiled the 918 Spyder as a massive surprise at the 2010 Geneva Motor Show. Finally, three years later, it gets its full production debut at the 2013 Frankfurt IAA Motor Show. Combining a race-spec petrol V8 with twin electric motors, the 918 trades lightweight purity for enormous all-wheel drive performance and astonishingly low fuel consumption.