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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.
Trio of Range Rover Hybrid prototypes completes trek from Solihull to Mumbai
Mon, 14 Oct 2013A team of three Range Rover Hybrid prototypes has just completed a 53-day journey from Solihull, England to Mumbai, India. The route retraced the centuries-old Silk Trail, taking the team through 13 countries. The trucks and drivers experienced just about every type of terrain, as well as temperatures ranging from -10 degrees Celsius to 43 degrees Celsius, the latter translating to a very uncomfortable 109.4 degrees Fahrenheit.
New Ford Focus RS to arrive in 2015. Apparently.
Tue, 05 Feb 2013It’s being reported that a new Ford Focus RS will arrive in 2015 with around 330bhp from a 2.3 litre four cylinder turbo. It will be front wheel drive. Ford has finally got the Focus ST out in to the wild, and inevitably attention has now turned to something hot from the Focus instead of just warm – a new Focus RS.