Categorized | News, Straightline

GM sells shares in Suzuki

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GM only owned 3% of tiny Suzuki, but they're desperate for cash, so they sold their stake back to Suzuki. That gave the General $230 million–and every little million helps.

Suzuki claims this will have no impact on their future plans. In fact the two automakers will continue working together despite the sale. "We are committed to continue promoting and implementing not only our existing projects, including development collaboration on advanced automotive technologies, but also collaboration on entries in new emerging markets," Suzuki said in a news release.

Full story here at Carscoop.com.

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