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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.

Chrysler prices SRT 2012 models

Chrysler Group, which is reviving its SRT performance brand, has set prices on the first four SRT vehicles it is selling: the Chrysler 300 SRT8, Dodge Charger SRT8, Dodge Challenger SRT8 and Jeep Grand Cherokee SRT8. Chrysler will start building the vehicles at the end of July and they will arrive in dealerships before the end of the third quarter. Prices, including $825 shipping, are as follows: -- 2012 Dodge Charger SRT8 -- $46,660 • 2012 Chrysler 300 SRT8 -- $47,995 • 2012 Jeep Grand Cherokee SRT8 -- $55,295 • 2012 Dodge Challenger SRT8 -- $44,077 (price does not include a $1,300 gas guzzler tax on the automatic transmission and $1,000 for the six-speed manual.) The 2012 Challenger is largely a carryover from the 2011 model.

Fiat takes majority control of Chrysler

Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.