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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.

Fiat 500L gets a helping hand from P Diddy (video)

Sean ‘Diddy’ Combs gives Fiat a helping hand with the 500L Fiat has done well to convince a trendy section of American car buyers that the Fiat 500 is a funky, cute and desirable runaround – especially if you live in the city. But having effectively put all their eggs in the 500 basket, they have the problem of convincing sceptical US car buyers that the much bigger Fiat 500L is an appealing – and much more practical – proposition for families. So Fiat has enlisted Sean Combs (P Diddy, Puff Daddy, Diddy or whatever moniker he’s using this week) to give the Fiat 500L a bit of much needed profile.

Nissan LEAF hits 3000 sales in the UK

Nissan LEAF hits 3000 sales in the UK What can probably be considered the first properly convincing electric car – the Nissan LEAF – has clocked up 3,000 sales in the UK since it was launched in 2011. In terms of overall car sale in those two years it’s an insignificant fraction, but in terms of making the electric car a viable form of transport it’s a big milestone. The second generation LEAF – launched earlier in 2013 – moved Nissan’s EV game on a bit with a raft of improvements, and has sold 1300 in the UK in just the last six months,.