In an effort to stay afloat while congress decides on a bailout plan for The Big 3, GM has decided to sell its entire stake in Suzuki Motor Corp. for 22.37 billion yen ($230 million).
Suzuki is going to buy back the 3.02 percent stake from GM. Suzuki stated that it is necessary for the automaker to buy back the stake from GM to help the ailing automaker. Although Suzuki is buying the 3.02 percent stake, the two automakers will continue to have a partnership in the future, which includes the development of hybrid vehicles and SUVs in Canada.
Related posts:
- 2008 Ward’s Interior of the Year Awards announced
- Hartley reworks Hayabusa powerplant for easy use in autos
- Should Suzuki Pack Up and Go Home?
- Lotus 2 Eleven GT4 Supersport
- Pulp Fiction: Zolfe Orange comes back from the drawing board
Related posts:
- Motorcycle Buying Guide: The Five Types of Bike
- Is there such thing as an 8-speed transmission?
- Convertibles, V8 Ultra-Muscle and Hot Hatches… Oh My!
- Good News and Bad for Chrysler and GM
- Still One Bad Little Dude: Hoon Of The Day Update [Offbeat News]
0 коммент.:
Отправить комментарий