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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.

GT Academy winner Heitkotter's next step is the 24 Hours of Dubai

It all culminates in January at the 24 Hours of Dubai: That's when video-game player and GT Academy winner Bryan Heitkotter will race, professionally, with European GT Academy winner Jann Mardenborough in a Nissan 370Z. The GT Academy was a contest that started last December in which Gran Turismo 5 players competed for a seat in a real race car. Thousands entered, 32 players rose to the top, and 16 of those were invited to a seven-day whirlwind racing and evaluation program at the Silverstone circuit in the United Kingdom.

Fuel cell Hyundai powers ecosystem installation

IN AN UNUSUAL combination of motoring and gardening, car manufacturer Hyundai has created a design installation consisting of a aquaponics ecosystem powered by the emissions from its fuel-cell vehicle. Aquaponics is a sustainable method of farming that combines growing plants in water (hydroponics) and aquaculture (raising fish in tanks). Unlike any other fuel-powered vehicle, the hyrdrogen fuel cell ix35 emits nothing other than water when being driven.