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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.

Video: Gorden Wagener on the Mercedes Aesthetics S sculpture

Daimler AG's design chief, Gorden Wagener, explains the details of the Aesthetics S sculpture, revealed at the recent Paris motor show, in a new video interview. The latest addition to the ‘Aesthetics' sculpture series, which already consists of Aesthetics No. 1 (2010), Aesthetics No.

Ferrari 250 GTO – the ‘Budget’ version

The 250 GTO Evocazione - a replica Ferrari 250 GTO The last time we had a Ferrari 250 GTO in the news was when we broke the story that Chris Evans had acquired a Ferrari 250 GTO for an undiclosed price (thought to be £12 million +). And, much though it pains us to suggest it, the Ferrari 250 GTO Chris bought was not actually the most desirable of 250 GTOs. For that you’d be looking much closer to £20 million.