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Mini plans to set new world record for largest one-make parade

Mini never shied away from setting records in the most dramatic way possible, and the company's next stunt hopes to set a new Guinness World Record for the largest parade of Minis. The rendezvous point for this record attempt will be the famous Mackinac Bridge in Michigan, where the official car count will take place. The organizers, Mini USA along with Mini of Grand Rapids, are hoping that at least 1,451 Minis will show up, to beat the previous record of 1,450.

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.

BMW 'looking' at an M1 supercar successor

BMW is actively considering a new range-topping supercar model in the spirit of the M1 and Z8, CAR has learned. Global sales and marketing chief Ian Robertson said the company had other priorities, but that there remained a desire to showcase the brand's sporting aspirations. 'We have never replaced the M1, although we have made ventures in that direction,' he said.