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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.
Young drivers at risk from poor tyre care
Wed, 06 Nov 2013YOUNG DRIVERS are putting their lives at risk by not looking after their cars’ tyres. A survey by Tyresafe and insurer Ingenie has found that more than a third of young drivers aged 18-25-years old had never checked their tyres for tread depth and a quarter had not checked the tyres on their car for correct pressure ever. The survey found that better education is needed to tell young drivers of the important of looking after the tyres on their car.
Lamborghini Sesto Elemento – the tease ends
Tue, 28 Sep 2010Lamborghini Sesto Elemento Leak So that’s what we’ve been waiting for. The Lamborghini Sesto Elemento. Which appears to be a Gallardo in carbon fibre, Reventon-style drag.