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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.

Nissan might delay U.S. EV output

Japan's earthquake and tsunami may force Nissan to delay the start of U.S. production of its Leaf electric vehicle, now scheduled for late 2012. "The earthquake is putting us in a very difficult situation," said Hideaki Watanabe, head of Nissan's Global Zero Emission Vehicle Business Unit.

Women Racers and Hot-Rodders: Day 1 at the 16th Amelia Island concours celebrates pioneers

Janet Gutherie, the first woman to race in the Indianapolis 500, said overcoming the numerous hurdles set before her as she tried to forge a racing career was something that she just had to do. “I wanted it so much,” Gutherie said during a seminar at the 16th Amelia Island Concours d'Elegance on Friday, “I was willing to put up with whatever they would throw at me.” AutoWeek's own Denise McCluggage, a renowned racer in her own right, was also part of the Women in Racing panel discussion that also included racers Judy Stropus, Erin Crocker, Jessica Brunelli and Lynn St. James.