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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.
BMW M5 Competition Package (2013) first official pictures
Mon, 20 May 2013BMW has updated the M5 super-saloon alongside the facelifted 5-series range. There are only tiny visual tweaks, but the big news is a new Competition Package version to take the fight to the new Mercedes E63 AMG S. What modifications do M5s fitted with the Competition Package get?
New Saab 9-5 (2010) prices announced
Wed, 24 Mar 2010The 2010 Saab 9-5 arrives in the UK this summer with prices from £26,495. Now the first new Saab 9-5 has rolled off the production line in Trollhatten this week, Saab are wasting no time marketing the car. They’ve sent us a price list for the 2010 Saab 9-5 for the UK, although they’re still not exactly clear when the first 9-5s will get to the UK.