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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.
Citroen at the Paris motor show 2008
Thu, 02 Oct 2008By James Foxall Motor Shows 02 October 2008 11:59 Citroen is one of the show stealers this year with a stunning-looking concept car that you can actually drive, courtesy of a tie-up with PlayStation. But the firm’s stand had something for everyone, with 34 models including the new C3 Picasso, BMW X6-like Hypnos concept and even a hybrid World Rally Championship car. This was the first car the firm unveiled in Paris and the one it spent most time talking about. It’s a Renault Modus-rivalling baby people carrier which goes on sale early in 2009.
Five Suzuki concepts for 2013 Tokyo Motor Show
Wed, 30 Oct 2013Suzuki has announced no less than five concept cars for the 2013 Tokyo Motor Show, which takes place in Japan this November. Four of them are new: the Suzuki Crosshiker, the Suzuki X-Lander, the Suzuki Hustler and the Suzuki Hustler Coupe – the fifth being the Suzuki iV-4 already seen at Frankfurt this year. Suzuki Crosshiker concept We’ll start with the best one, which is by no small margin the Crosshiker concept.