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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.

British Honda engineers get green light from Japan

Honda UK’s small UK vehicle engineering centre is all set to grow in size and importance following approval from Japanese bosses. The British car development base supports Honda’s main European development centre in Frankfurt but has been taking on increasing responsibility in recent years. Honda Civic Tourer prototype review (2013 onwards) Honda Civic review (2012 onwards) Success here, said a Honda spokesman, has meant Japanese management feels it can hand over more responsibility to the small Swindon centre.

Tushek Renovatio T500 Supercar UK debut at Salon Prive

The Tushek Renovatio T500 – a supercar from a shed in Slovenia – is to get its UK debut at next month’s Salon Prive. Eastern Europe is starting to produce its own shed supercars, the latest of which is the Tushek Renovatio T500, a decent looking offering from Slovenia. Based on the K1 Attack kit car, the Renovatio T500 is the brainchild of former racing driver Aljosa Tušek with his Tushek Supercars company planning on a very limited run of just 30 Renovatio T500s over the next four years.