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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.

MIT researchers rethink electric-car batteries

Researchers at the Massachusetts Institute of Technology say a new battery design for electric vehicles could be a lightweight and inexpensive alternative. The goal for the team's three-year project, launched in September 2010, is to have a functioning prototype ready to be engineered as a replacement for existing electric-car batteries. At this point in the project, the prototype uses a “semi-solid flow” to separate the two functions of a battery--storing energy and discharging it when needed--into separate physical structures.

1962 E-Type Jaguar auction – a ‘Wags’ delight.

I’m really not too sure there are any footballers wives or girlfriends who hanker after a classic car. I suppose you’d have to think more along the lines of Audrey Hepburn or Grace Kelly, rather than Posh Spice or Coleen Rooney, for that sort of good taste. But if there is a Wag out there with a lust for the classic, then the auction house Barons has the perfect car – an unrestored 1962 E-Type with the registration number ‘WAG 7′.