Ford Horn Contact 60 Galaxie Econoline 61 62 63 64 65 66 67 68 69 70 71 72 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.

CDN-GM Interactive Design Competition - Exterior Phase Launched

We're pleased to announce the launch of the second phase of the CDN-GM Interactive Design Competition, which challenges design students in North America to create an exterior design in response to briefs from each of GM's four brands – Buick, Cadillac, Chevrolet and GMC. This second, exterior design phase of the competition – which can be found at www.cardesigncontest.com – follows on from the previous interiors design phase and again challenges students to design against briefs set by each of GM's four brands. Remember, you don't have to have entered or registered for the interiors phase in order to take part in this exterior phase of the competition.

Bentley & Audi to share new V8 – the end of the W12?

The Bentley Continental GT V8 will share an engine with Audi When we reported on the reveal of the new 2011 Bentley Continental GT, we noted that Bentley had plans to launch a V8 version  of the Conti sometime next year. What we didn’t get was too much information from Bentley on the new V8, except the little nugget that the V8 going in to the Bentley would be Audi sourced. Which makes sense.