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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.

Honda CR-Z Hybrid by 2010

Honda are bringing the Honda CR-Z Hybrid to market next year, based on the CR-Z Concept from 2007 Honda’s first production Hybrid – the Honda Insight, recently called the worst car in the world – has not been a resounding success. True, it looks better than the Toyota Prius but – and we haven’t driven one yet so we can’t comment from our own experience – it’s not a great car. It has also been eclipsed – after a promising start – by the Toyota Prius, which has doubled its sales in Japan.

New Chinese saloon scores five stars at Euro NCAP

FLEDGLING Chinese car brand Qoros has scored an impressive five-star Euro NCAP result with its first car, the 3 saloon. Bolstering a 95% score in the long-established adult occupant protection and an 87% awarded for child passenger protection is an excellent 77% for pedestrian protection – a high score in what is a developing category. The 95% is, according to Qoros, the highest adult occupant protection score awarded by Euro NCAP in 2013.