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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.

Germany to tax foreign drivers

GERMANY plans to introduce a car toll that seeks to make money from the millions of foreigners who drive through the country every year, the transport minister said today. Germany has a truck toll but, unlike many European countries, no car toll. Alexander Dobrindt said it wasn't fair that foreign drivers do not contribute to maintaining the roads and that "fairness gap" should be closed.

2012 Aston Martin V8 Vantage range gets an overhaul

The 2012 Aston Martin Vantage gets a tweak The Aston Martin V8 Vantage range gets an engineering and cosmetic facelift for 2012. Starts at £84,995. It’s all but impossible for Aston Martin to come up with a new mainstream model, so all they can do is nip, tuck and tweak their existing cars in the hope that the market continues to smile favourably on their offerings.