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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.

Driven: Land Rover DC100 concept

Nothing compares to natural daylight for assessing a car's design. Under motor show lighting the subtleties of the surface sculpting, detailing and even proportion can be lost and misconstrued. Hence our first view of the Land Rover DC100 concept out in the open is, quite literally, illuminating.

Renault Clio S launched

The new Renault Clio S The last ‘Sporty’ Renault Clio we reported on was the Clio RenaultSport 200 back in April last year. The RenaultSport Clio offers proper hot-hatch performance but isn’t exactly cheap. Plus the real demographic for the little Renault wouldn’t have a prayer of either affording the Clio RenaultSport or managing to insure it.