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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.

2010 Ferrari F1 Goodwood hillcimb (video)

Marc Gene takes the 2010 Ferrari F1 (F10) up the Goodwood Hillclimb 2011 Goodwood is Disneyland for petrolheads, with the world’s greatest cars and greatest drivers wallowing in three days of high-octane worship at the alter of the internal combustion engine. Everything from classic road cars to the latest F1 machinery crowd in to this glorious corner of England, safe in the knowledge that they are among friends; no global-warmists here wagging a condemnatory finger. We’ll have a full round-up of the Goodwood Festival of Speed tomorrow – with a million photos – but as Ferrari has sent us video of Marc Gene taking last year’s Ferrai F1 (F10) car up the Goodwood hillclimb we thought it deserved some space all its own.

Renault Koleos (2008): first official pictures

By Ben Pulman First Official Pictures 11 February 2008 10:01 Renault’s first proper 4x4 is here. After the disappointment of Scenics clad in black 'off-road' plastic, we finally have the Koleos SUV, unveiled today. It's the fruit of a surprisingly mixed relationship: Renault did the design, Nissan developed it and it’ll be built in the Renault Samsung plant in Korea.