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Nissan packages its Cube for U.S. delivery later this year

Nissan's quirkily styled Cube has just been released in Japan and will be coming stateside this year. We drove the all-new model and came away impressed with the improvement Nissan made for its U.S. introduction.

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.

New York City Taxi of Tomorrow plans hit a roadblock

New York City administration's plan to replace current taxi cabs with the specially developed Nissan Taxi of Tomorrow has been stymied by a recent legal decision, the Wall Street Journal is reporting. The New York State Supreme Court in Manhattan (it's a bit confusing, but this is actually the on the level of the lowest state courts in New York state's court system) has issued a decision which determined the project to be an overreach of executive authority, siding with taxi magnate Evgeny Freidman and the Greater New York Taxi Association. The court stated that city's Taxi and Limousine Commission lacked the authority to compel cab companies to purchase the any particular vehicle -- in this case, the Nissan NV200 Taxi, which was slated to hit streets just a couple weeks from now on Oct.