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Bertone looking for buyers as bankruptcy nears

Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.

Land Rover Expedition America presses on through the Rocky Mountains

Land Rover Expedition America is more than halfway across the country, three weeks after having departed Asheville, N.C., on their 5,000-mile route through 10 states. The team is traveling all the way across the country in three Land Rover LR4s -- from sea to shining sea if you will -- almost entirely off-road. The Oregon coast is their destination, and the team is following a route based on an off-road motorcycle trailed created by Sam Corero, a famous off-road motorcyclist who charted this trail back in the 1990s.

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.