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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.

2013 Mazda MX-5 Facelift on the way

A mildly revised Mazda MX-5 for 2013 will be launched later this year with a new nose and tweaks to the brakes and throttle systems. It’s probably a bit of an exaggeration to call the 2013 Mazda MX-5 a facelift. In truth, it’s only really getting a slightly modified nose.

Win one of six pairs of Polaroid sunglasses

By James Popsys Competitions 30 June 2009 09:30 The summer is here and CAR Online has teamed up with Polaroid sunglasses to give away six pairs of its range-topping shades. Click here to enter our competition. Polaroid was the inventor of polarising lens technology in 1930s, so all the sunglasses we’re giving away feature polarised lenses, which deliver 100% UV protection and block glare, rather than just making things darker.