Steering Tie Rod End Front Left Outer Mevotech Gs76603 on 2040-parts.com

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.

LCV VALUES DEFY POOR CONDITIONS

AN INCREASE in demand for four-wheel drive light commercial vehicles saw LCV values rise during December 2010, according to new figures from British Car Auctions. After reaching a low-point in November, the cold weather inspired a £37, or 0.9 per cent, rise in average LCV values to £4,067. Values were also boosted by a 25 per cent decline in the number of vehicles that came to auction during the month.

GM covers partial repair cost for defective fuel-level sensors

General Motors has said it will cover half the cost for repairing defective fuel gauges in 2005- through 2009- model-year Chevrolet, Buick, GMC and Saab 9-7X sport-utility vehicles. GM's agreement to pay half the repair costs puts an end to the National Highway Traffic Safety Administration's probe, opened earlier this year. NHSTA was checking into reports that the gauges showed there was more gas in the tank than there actually was.