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Ford sells Mazda shares – 33% stake shrinks to 13%Ford today announced it will sell 20 percent of Mazda, raising $540 million in much-needed cash. As much as 6.9 percent will be sold back to Hiroshima-based Mazda, while the other 13.1 percent will be sold to unidentified investors. The move will effectively end Ford’s control of the company, whic ... |
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G.M. Sells Suzuki Stake in Its Effort to Raise CashCash-strapped General Motors will sell its entire stake in the Japanese automaker for $230 million. ... |
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GM sells shares in SuzukiGM 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 conti... |
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GM to sell Suzuki stake to raise $230 millionGM has decided to sell its stake in Suzuki Motor Corp for 22.37 billion yen ($230 million USD). Suzuki said today that it will buy back 3.02 percent stake from the auto giant helping it stay afloat while Congress makes a decision on aid for the auto industry. addthis_url = 'http%3A%2F%2Fall... |
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GM selling remaining Suzuki stake for $230MFiled under: GM, Suzuki, Earnings/FinancialsGeneral Motors CEO Rick Wagoner mentioned last week that, in addition to selling the HUMMER brand, other assets were being evaluated for sale, as well. While no other brands are likely to be sold off besides HUMMER, GM did announce this morning that it'... |
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Suzuki Motor to buy back shares from General MotorsTokyo - Suzuki Motor Corp has agreed to buy back its 3.02-per-cent stake from the US auto giant General Motors Corp (GM), the Japanese automaker said Monday. Suzuki was expected to buy back 16.41 million shares, which are worth 22.37 billion yen (230... ... |
