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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.

BMW 9 Series Concept heading for Beijing Motor Show debut?

a BMW 9 Series Concept debut at beijing? We’ve only just had confirmation that a new BMW 7 Series SUV is on the way as BMW continues to push at both ends of their range, with the X7 aimed at the new Range Rover and Mercedes GL. Now it seems BMW are also looking to build a car that can take on the very high-end Mercedes S Class – especially the S Class Maybach when that arrives – and maybe scoop up a few sales from lower-end Rolls Royce and Bentley buyers.

W.W.J.D. (What Would Jay-Z Drive?)

Since Maybach got the axe last month, there has been a hole 6.2 meters long in the hearts of rappers and ball players everywhere. Florida rapper Rick Ross, whose label name is Maybach Music, may even have to find another marque to follow. Shawn Carter, aka Jay-Z, who recorded several songs singing the praises of Maybach, will have to find a new ride in which to be chauffeured.