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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.

One lap of the Web: PT Cruiser Limo, Blackhawk Farms Raceway, and Swedish baby born in wrecked car

We love to cover the fastest race cars, strongest trucks and particularly the coolest vehicles in the world of automobiles. But we also cover the ridiculous -- like the PT Cruiser limo. Nothing says “I've made it” like a '50s-inspired crossover, and there is nothing like a night on the town in a PT Cruiser limo.

UK car production jumps as Europeans buy British

The UK’s car production jumped by 12% last month as demand from Europe for British-built cars increases. Nearly 80% of cars made in the UK are exported worldwide, and 142,158 were produced in March 2014 – compared to 126,909 in March 2013. Official: UK car production is booming UK car production hits six-year high That means so far this year the UK has built 404,803 cars, a rise of 2.9% compared to this time last year.