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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.

Ford B-MAX off to a strong start in UK

The new Ford B-Max compact people carrier is off to a strong sales start in the UK, with 1,000 already delivered to customers. And that eye-catching advert (we’ve posted it below – Ford in Europe need all the help they can get to garner sales!) will no doubt raise awareness of the long-awaited replacement for the old Fiesta-based Fusion MPV and help make the B-Max a success for Ford in a segment they once dominated, but which they’d left to wither on the vine. But eye-catching  advert for the new B-Max or not, the B-Max is already selling well with over 1,000 cars delivered to customers in the last few weeks and orders for 2500 cars received by Ford in the UK before the B-Max even appeared in showrooms.

Lamborghini Gallardo LP 560-4 Bicolore revealed in Qatar

The United States will not get the latest Lamborghini Gallardo LP 560-4 Bicolore Edition, which was unveiled at the Qatar motor show this week. The all-wheel-drive version will be a European- and Asian-market-only car, Lamborghini says. While this exclusion could cause an uproar among American Sant'Agata enthusiasts, all hope is not lost.