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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.
Who's Where: New Design Directors Appointed at PSA
Mon, 21 Dec 2009PSA Peugeot Citroen has announced the appointment of Gilles Vidal to Design Director for Peugeot and Thierry Metroz to fill the Design Director position at Citroën. Both Vidal and Metroz will report to PSA Group Design Director Jean-Pierre Ploué when they start their new roles on January 4, 2010. The Design Director positions at both Peugeot and Citroen have effectively been left vacant since Jean-Pierre Ploue was promoted to lead the Group's design efforts in October 2008.
Peugeot RCZ Asphalt revealed
Fri, 22 Oct 2010The Limited Edition - just 500 being made - Peugeot RCZ Asphalt Peugeot are doing very well with the Audi TT bashing RCZ. In fact, so our sources tell us, Peugeot dealers can’t get hold of enough RCZs to satisfy demand. And we’re not surprised.