Axle Tube 27 3/4" W/ Brake Bracket Aluminum 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.

AA urges private parking regulation

PRIVATE LAND parking enforcers are "free to reap any and every parking infringement," despite recent legislation, according to the AA. Highlighting findings of the new Parking on Private Land Appeals (Popla) body, the AA said the requirements of the 2102 Protection of Freedoms Act were not always being observed. Popla's report for 2013/14 said some private parking operators were acting outside some statutory provisions of the Act in their pursuit of those who they think have offended.

Storms batter Britain

THE MET OFFICE has issued a "red" weather warning for exceptionally strong winds in western parts of Wales and north-western parts of England, while the Thames is predicted to rise to its highest level in more than 60 years in some places. On the day dubbed Wild Wednesday, gusts of 108mph hit Aberdaron on the Llyn Peninsula in north west Wales, while 96mph winds were recorded off the south coast of England at the Needles, on the Isle of Wight. The Met Office has forecast 2.75ins (70mm) of rain by Friday in the already-sodden West Country - more than the region would normally get in the whole of February - with south Wales, western Scotland, Northern Ireland and other parts of southern England also expected to bear the brunt of the deluge.