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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.

Skoda trio voted 'best in Britain'

BRITISH drivers are happier with their cars than ever before, especially if they own a Skoda. According to new figures collected by Auto Express magazine's annual Driver Power survey, the average satisfaction rating for a car in the top 100 was a huge 88.36%, which equates to a 7% rise since the survey’s launch in 2002. Steve Fowler, editor-in-chief of Auto Express, said: “The UK car market is booming at the moment with over two years of consecutive growth and new car registrations up 3%, and it is no surprise given the Driver Power results.

2013 Porsche 911 GT3 to go auto

2013 Porsche 911 GT3 to get PDK The storm clouds are gathering. Porsche purists are massing their ranks for an assault on Stuttgart. Civilisation as we know it is under threat.