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Mercedes-Benz, Duesenberg named winners at Concours d'Elegance of America

A 1933 Duesenberg Model SJ Riviera Phaeton Brunn and a 1938 Mercedes-Benz 540K Autobahn Kurrier took top honors at the Concours d'Elegance of America at St. John's in suburban Detroit on Sunday. The event was formerly known as the Meadow Brook Concours d'Elegance, but it was moved this year from the grounds of Oakland University north of Detroit to Plymouth, a suburb west of the city.

Kia, Chrysler, VW set pace as December sales advance 9 percent

Kia, Chrysler and Volkswagen posted some of the strongest sales gains for December as the industry closed out 2011 on a high note. Automotive News estimates December volume was up 9 percent to 1.24 million from a year earlier--in line with analysts' forecasts. Total industry sales were projected at 12.78 million for the year, up from 2010's total of 11.6 million and the 27-year low of 10.4 million in 2009.

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.