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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.

Goodwood Moving Motor Show

Now in its 18th year, the UK's Goodwood Festival of Speed (which runs over the coming weekend of the 2 to 4 July) this year adds an extra day prior to the main event, billed as the Moving Motor Show. Designed partially as a replacement for the British Motor Show, which was last held at London's Excel exhibition centre in 2008, the Moving Motor Show allows some 2000 members of the public to drive recent new cars from 22 manufacturers up Goodwood's famous hill climb course. This development fits well with recent trends.

BMW 5-Series GT to get xDrive – BMW 740d xDrive announced

BMW are adding xDrive as an option across the 5 Series GT range We really don’t ‘Get’ the BMW 5 Series GT. To be fair, we haven’t driven one so it’s a viewpoint from afar. But we can’t deny it fills the gap between the 5 Series Estate and the 5 Series Saloon,  we just hadn’t realised that there was a gap that needed filling.