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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.

Citroën Cactus concept with Air Bump technology confirmed for Frankfurt debut [w/Video]

Citroën's Cactus concept featuring a mysterious sounding 'Air Bump' technology will be taking center stage at the carmaker's stand at this year's Frankfurt motor show. The carmaker has released just one image of the concept along with a 21-second video (see left) showing a spongy panel labeled ‘Air Bump' being poked. Although this doesn't really tell us much about what this new technology actually does, we suspect the panels featured in the video are inserted into the bumper and can protect it from the smaller-scale collisions that can happen in everyday life.

Red Bull 1-2 at Silverstone

Red Bull's Sebastian Vettel drove to victory in the British Grand Prix at Silverstone Red Bull brought a newly upgraded car to Silverstone, and boy, did it show. They dominated the weekend and achieved a 1-2 finish, with Vettel cruising from start to finish in an astonishing display. Webber got stuck behind Barrichello in the Brawn off the line, allowing Vettel to storm away.