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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.

Sebastian Vettel keeps Infiniti happy

Sebastian Vettel drives an Infiniti G37 on track It must be a dream lifestyle for any 23 year old man. Driving fast cars in glamorous locations, and being paid a shed-load of money to do it. True, the sybaritic and hedonistic lifestyles enjoyed by F1 drivers in the ’60s and ’70s have long gone, to be replaced by workouts, mineral water and early nights.

After a rocky start, Honda's CR-Z joins U.S. hybrid derby

Honda Motor Co.'s new CR-Z sporty hybrid is the car that nearly wasn't. The wedge-shaped, two-seat hatchback was almost killed twice because engineers weren't convinced it was a unique concept and because U.S. bosses originally didn't want it.