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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.
College Exhibition: CCS Spring Show 2009
Fri, 29 May 2009This year's CCS Senior Show provided another year of outstanding graduates while the automotive industry continues to retract due to the global financial crisis. Given all the negative news about auto bankruptcies and closures, it was refreshing to see such youthful, creative and challenging designs in a modern and hopeful environment. The projects on display ranged from militaristic Jeep off-road vehicles to a microvan for the ‘future family of two = single parent + only child'.
Porsche Cajun: the 2-door coupe crossover
Tue, 12 Oct 2010The Porsche Cajun Coupe Crossover It’s only a week or two since we finally discovered for certain that Porsche will be building an SUV / Crossover based on the Audi Q5. And we also discovered that instead of being the Porsche Roxster – which was always a bit of joke name – Porsche’s trendy crossover would be the Porsche Cajun. And yes, we fully expect the Porsche Chilli and the Porsche Jalapeno to join in at some point in the future.