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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.
Mitsubishi MiEV – Plod-Mobile
Mon, 05 Oct 2009The blues and twos on a Mitsubishi MiEV It appears that since Mitsubishi took the MiEV to the National Police Show last month they’ve been inundated with requests from Police Forces around the UK to test the car. With it’s top speed of 81 mph and range of 100 miles we can’t quite see the MiEV being used as a pursuit car. In fact the only place it would be of any use is in town, but for what it’s worth we’d much rather see plod pounding the beat than floating around in a Noddy-Mobile.
Tough new sentences for banned drivers
Tue, 06 May 2014Newspress Disqualified drivers who cause death on the roads face lengthier sentences, under tough new measures introduced by the justice secretary, Chris Grayling. The changes - which are expected to come into force in early 2015 - include a new offence of causing serious injury while disqualified. Drivers convicted of this new offence can expect a four-year prison term.