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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.
Mercedes tease the 2014 S Class with a work of art
Wed, 05 Sep 2012The 2014 Mercedes S Class isn’t due to be revealed until 2013, but Mercedes will be teasing it at the Paris Motor Show with a sculpture. New car model teases usually take the form of dark photos or photos showing obscure detail. But Mercedes are taking a different route with the new S Class with an artistic sculpture.
Nissan Qashqai: The millionth Qashqai leaves Sunderland
Wed, 29 Jun 2011Nissan Qashqai - One Million produced at Sunderland It seemed somehow a bit of an oddity, the Nissan Qashqai, when Nissan first rolled it out. What was it? A small SUV?