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GM sells Suzuki shares to raise emergency funds
Mon, 17 Nov 2008By 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.
BMW M6 Coupe and Convertible (2012) first pictures
Tue, 06 Mar 2012BMW has unveiled the new 2012 M6 – a two-door M5, in essence. The 552bhp super-coupe will be one of the highlights of the brand's stand at the 2012 Geneva motor show. The M6 will be sold as a coupe or convertible, and Munich has unveiled both this weekend.
Jaguar XE / Jaguar F-Type spied
Thu, 23 Jun 2011Jaguar XE Spied - looking like a chopped XK To be honest, we don’t even know now whether Jaguar will call their new, smaller sports car the Jaguar XE or Jaguar F-Type, as there’s talk of them ditching the iconic Jaguar badging in favour of a Germanic numbers-based moniker across the range. But whatever Jaguar do finally decide to call their new small sports car, we know it’s officially in the planning and has been for more than a year. And now it’s out playing, albeit wrapped up in a chopped XK.