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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.

Honda Insight hybrid gets a new look inside and out for 2012

The 2012 Honda Insight hybrid bowed on Monday with refreshed exterior styling, more standard features and improved fuel economy--with a base price of less than $20,000. Honda says it was aiming for a more high-tech look this time around. On the outside, a reworked grille design is flanked by restyled front and rear bumpers.

Daimler to axe Maybach in 2013. New Mercedes S Class Pullman instead

Maybach Axed We’ve been preidtcing the demise of Maybach for some time. After all, who wants an old S Class with chintzy trim and lots of toys for more money than a Rolls Royce Phantom? And now it seems that Daimler has also realised their revival of the Maybach has fallen flat on its face (except in Germany and to a pair from the Dragons’ Den) and it’s time to move on.