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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.

2011 Vauxhall VXR8 revealed

2011 Vauxhall VXR8 will cost £50k The world is woefully short of old-fashioned, rear-wheel drive, hairy-chested saloon cars that actually handle. True, there are still some Yank-Tanks around at less than stellar money that do a good impersonation, but for the real deal you need to buy a Vauxhall. Or at least a Vauxhall from Oz – the 2011 Vauxhall VXR8 (which we saw at Goodwood in the summer in Holden clothes).

BAC Mono: Single-seat road thrills

BAC Mono – the world’s first single-seat production road racer Briggs Automotive Company has revealed the BAC Mono, a single-seat road racer with a 2.8 second 0-60mph and 170mph. Costs £67k +tax. No, Battersea Arts Centre hasn’t suddenly gone in to the car business, and nor has BAC Windows.