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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03/06, 5:55 PM
posted by:
digitalzombie
Good toyota can buy up the subaru stocks. They already have 7% or so. Suzuki is meh they’re better at motocycle in my opinion.
03/06, 10:20 PM
posted by:
churchofspeed
Great news! One more company the BAD 3 can’t continue to INFECT with inferior DNA. Imagine the nerve of these bastards, Prostituting the poor Impreza out as a Sabaru. Or the poor folks who bought a Suzuki thinking they were getting Japanese engineering only to find it was the old bait and switch and they actually own one of the least reliable cars ever built, the Daewoo! Are these “execs” so stupid that they think Brand = the badge on the hood or did they think we were? Now, if only Ford would choke on their own vomit.