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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.
Who's Where: BMW Group reorganizes Design operations
Fri, 09 Jan 2004BMW Group has announced changes to its design organization, in keeping with the company's stronger focus on its brands BMW, MINI and Rolls-Royce. Under the overall direction of Chris Bangle, Director of BMW Group Design, brand specific design studios have been set up for BMW, MINI and Rolls-Royce, as well as for the areas BMW Motorrad and BMW M. These new brand studios will accompany the entire development process for new models from the first sketches to the start of production.
Audi A4 gets mild updates for 2013
Wed, 26 Oct 2011Audi has revealed a facelifted version of the A4 that will hit showrooms in Europe in January. U.S. consumers will get the restyled A4 next June or July, marketed as a 2013 model.