General Motors revealed today that it will sell a 17 percent stake in Suzuki for about $2 billion. GM has a 20 percent stake in the company, making it the largest shareholder. It will drop to the seventh largest shareholder with just three percent, once the sale is complete. Recent published reports have also suggested that GM is considering selling its financial arm, General Motors Acceptance Corp, for $11 billion. Sales of Suzuki cars were up 39 percent last month. Late last year, GM sold a controlling stake in Subaru .
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