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GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By 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.
Highly exclusive Alfa Romeo Disco Volante revealed
Mon, 16 Sep 2013EXCLUSIVE Italian coachbuilder Touring has unveiled its Alfa Romeo Disco Volante, which is a modern interpretation of one of the company’s most famous designs. The new Disco Volante marks the 60th anniversary of the original, but the new car comes with a 4.7-litre V8 engine with 450bhp borrowed from the Alfa Romeo 8C supercar. This means the new Disco Volante can see off 0-62mph in 4.2 seconds and has a top speed of 181mph.
New Car Sales Increase Again
Wed, 06 Aug 2014NEW registrations in July 2014 totalled 172,907 - a 6.6% rise on the July 2013 figure, the Society of Motor Manufacturers and Traders (SMMT) said. The latest figures took the year-so-far total to 1,460,172 - a 10.1% rise on the January-July 2013 total. As a result, the SMMT has now upwardly revised its prediction for sales for the whole of 2014, forecasting that a total of 2.45 million could be reached.