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Banks Power joins Mike Ryan Motorsports for Pikes Peak run

Gale Banks is heading back to the Pike’s Peak International Hill Climb on June 30. Banks has partnered with Mike Ryan Motorsports and his Freightliner Cascadia Class 8 semitruck racer. Semis race in the Pikes Peak Open class, which is reserved for cars and trucks that look stock from the outside but retain little of the original design.

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.

Hyundai beats 2011 sales figures – with almost 2 months of 2012 left

Hyundai UK has revealed that it has sold 64,000 cars so far in 2012, beating the 2011 sales total of 63,577 with almost two months to go. Hyundai UK is celebrating after surpassing their total UK sales of 63,577 cars in 2011 with the best part of two months of 2012 still left to rack up more sales – 64,000 cars sold in 2012 and counting. The strong Hyundai sales are no doubt thanks to a strong showing from the i40 and i40 Tourer and the new i30, both of which are now rolling out of UK showrooms in decent numbers.