TOOLS PRINT EMAIL GM Tries to Make Money by Selling Entire Stake in Suzuki By Liz Opsitnik Monday, 17 November 2008 05:56 GM said Monday it will sell its entire stake in Suzuki Motor Corp. for $230 million to raise cash.  The two automakers became partners in 1981. GM sold a 17 percent stake in Suzuki in 2006, leaving it with its current three percent stake, reports the AP and FOXNews.  Suzuki said it would buy back a 3.02 percent stake from GM. "We fully understand the necessity for GM to raise cash," Suzuki chairman and chief executive Osamu Suzuki said.  Osamu said GM and Suzuki would still keep joint projects, including the development of hybrid vehicles and a joint venture for SUVs in Canada.

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December and 2008 Sales Figures Are In, and They're Exactly What We Expected
The year was dismal for most automakers, with sales plunging by double digits for a lot of companies. So far (not all automakers have reported 2008 sa ... Read More

Isuzu Throws In the Towel
If you were planning to buy a new Isuzu, this is your last chance. The company has announced that on January 31, it will stop selling its light-d ... Read More

GMAC No Longer Exclusive GM Lender
GMAC has lost its exclusive rights to offer low-interest loans to customers who want to purchase GM vehicles. The loss is part of GMAC’s fe ... Read More