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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.

Teewave AR1 (2011) - Gordon Murray's roadster unveiled

It may have a daft name - let's face it, driving a car called a Teewave does sound terrifically uncool - but Gordon Murray Design's latest creation is a very important vehicle. The Teewave AR1 not only showcases the Surrey-based company's design and engineering capabilities that elevate it to full design studio status, but also illustrates the very sweet spot where engineering integrity, lightweight material and want-one design meet. We joined design director Barry Lett at GMD on the day Project T32 was being primed for shipment to Tokyo for its public debut by Toray.

Jaguar XJ gets Sport Pack & Speed Pack options

Jaguar XJ gets Sport Pack & Speed Pack options With the new Jaguar XJ settling in nicely, Jaguar feel it’s time to give the bold new Jag a bit of a sporting makeover with the addition of a Sport Pack and Speed Pack to the XJ’s options. Already perhaps the most intrinsically sporty luxury car on the road, the XJ already conspires to look more aggressive and sporty than any other offering in the sector. It also, even with the 3.0 litre diesel engine, has performance that matches its looks.