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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.
Michelin Recognizes CCS Student Talent
Wed, 03 Feb 2010Five senior students from the Transportation Design Department of the College for Creative Studies (CCS) in Detroit have won prestigious design awards at the 21st Annual Michelin-CCS Design Competition. The creative brief for the competition theme "Electrifying - Beautiful, Innovative and Radiant" required the students to submit electric vehicle design solutions they could realistically envision driving in the year 2020, as well as designs which addressed a specific transportation problem or opportunity. Each student also submitted a separate tire/wheel assembly based on Michelin's Active Wheel technology.
Cameras to catch illegal parking on the school run
Mon, 04 Nov 2013Schools and councils across the country are turning to CCTV to enforce parking restrictions during the school run – and a new low-cost camera system is set to make this even easier in the coming months. According to reports in the Sunday Times and the Daily Mail, the new surveillance system costs as little as £16,000, and is able to record and recognise the number plates of illegally parked cars outside schools. On Bing: see pictures of parking enforcement cameras How to appeal a parking ticket The recorded footage is then sent to the local council, including evidence of the parking restriction.