Left & Right Replacement Power Heated Side Mirror 10-11 Buick Lacrosse Allure on 2040-parts.com

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.

More Saab products coming, Muller says

Saab's new Dutch owner, Spyker Cars NV, intends to spin additional models off its new Phoenix platform after it yields a redesigned Saab 9-3. Saab dealers will receive the latest 9-3 in 2012, Spyker founder and Saab Automobile AB Chairman Victor Muller said Thursday at the CAR Management Briefing Seminars in Traverse City, Mich. The dealers, who have been starved for product as former owner General Motors attempted to sell or liquidate the brand, also will obtain a Cadillac-based 9-4X crossover when it goes into production in April 2011 in Mexico.

Honda Civic Si introduced

Honda have introduced a new 'Sporty' Civic - The Honda Civic Si The new Honda Civic Si is being made available across the whole five-door Civic range, regardless of engine or transmission. From which you would conclude, quite rightly, that this is a cosmetc ‘Sports’ job, not a power one. So you get some upgraded Graphite-coloured alloys (16″ on the 1.4 litre and 17″ on bigger engined variants), colour-coded bumpers, front fogs, Type R style mesh grill and dark chrome door handles and fuel cap.