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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.

VW Cross Coupe Concept goes diesel

The VW Cross Coupe Concept goes diesel - and red Volkswagen are bringing the Cross Coupe Concept to Geneva, but even though it looks the same it now gets a diesel-powered hybrid powertrain. At the end of last year we saw the VW Cross Coupe Concept at the Tokyo Motor Show, an ‘Urban’ Crossover come SUV Concept from Volkswagen that looked as if it had stolen every current design trend and morphed it in to one concept. Oddly, it worked.

New Subaru Impreza finally goes on sale in the UK – price from £17,495

The new Subaru Impreza Hatch (pictured) goes on sale in May It’s a bit hard to call the Subara Impreza the ‘new’ Impreza when it’s already three years since it was revealed and more than two years since it went on sale in Japan and the US. But the latest Subaru Impreza is new for the UK as Subaru has decided the Yen has weakened enough since the Impreza’s launch to make it a viable option to import it. Even so, it is a bit of a Hobson’s choice for buyers with just the Impreza Hatch – not the saloon – on offer and only in a single trim level and with a single engine option – the 1.6 litre petrol Boxer engine.