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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.

Audi A8 W12 LWB (2010): the first official photos

By Tim Pollard First Official Pictures 16 April 2010 10:31 Audi today announced the new long-wheelbase A8 L. Due to be unveiled at the 2010 Beijing motor show, the stretched Audi A8 will be popular with the chauffeur crowd and the extra 130mm in the wheelbase liberates oodles of space for back-seat loungers, judging by these first official photos.The new A8 L now tops 5267mm in length and Audi points out that makes it longer and wider than any of its LWB rivals.The new W12 spec Audi A8It's excess all areas with the new A8 L – Audi's previewed it with the group's W12 petrol engine. It's now 6.3 litres in capacity, fitted with FSI direct injection and develops 493bhp and 461lb ft.

Fiat Abarth 500 lands in UK showrooms

Fiat's pocket-rocket - the Abarth 500 - now in UK showrooms The 500 has been a triumph for Fiat. A cracking recreation of the original 500, the new 500 conspires to be timeless, classless and affordable. No mean feat.