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Richard Petty's second Spring Fling car show set for Memorial Day weekend

Richard “The King” Petty and Petty's Garage will hold its second-annual Spring Fling Car Show on May 26 at the shop in Randleman, N.C. The show is open to all makes and models and is sponsored by the Automotive Lift Institute. This event, which includes a cruise-in on Friday night, is free to the public.

BMW recalls new 5-series

BMW is recalling up to 12,400 new 5-series sedans that have defective fuel-tank sensors. Bloomberg reports that the fuel sensors can become wedged against the tank, causing the fuel gauge to display a higher amount of fuel than what is present. There have been 10 reported incidents of sedans being affected by the defect in the United States.

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.