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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.
Concept Car of the Week: Oldsmobile Golden Rocket (1956)
Fri, 04 Apr 2014From 1949 to 1961, General Motors ran its own motor show. Called Motorama, the annual event was a showcase for concept cars which revealed prospective design and technology directions for all of GM's brands and for cars in general. Each year, one-off creations were designed and built for GM's multiple divisions, from Chevrolet all the way up to Cadillac.
Fiat Cinquecento Prima Edizione for US Fiat fans
Mon, 12 Jul 2010The Fiat 500 Prima Edizione You don’t have to be fluent in Italian to work out that Prima Edizione means ‘First Edition’, or something similar. Which is probably as well. Because the Fiat 500 Prima Edizione is destined for the US, and if there is one nation on earth which is more foreign-language-phobic than the Brits it’s the Yanks.