Latest News
General Motors has sold its three per cent stake in Suzuki. The Japanese car maker is buying back the shares for £150m ($230m).
GM owned a fifth of Suzuki in 2006, but sold 17 per cent back to company during a previous cash flow crisis for £1.1bn ($2bn).
At that time, Suzuki Chief Executive Osamu Suzuki explained that the company wanted to help General Motors through its difficulties.
"We've been under the support of GM for a long time and this time it's our turn to help GM,” said Suzuki. “I don't think the partnership is in deep trouble. It's just that GM needs help."
Suzuki has said that the companies, which have been collaborating for 25 years, would continue to work on joint projects.
Your Say
Comments: 2 Join the discussion
News archive
Today's hottest stories
Join the debate
Our Say
Autocar's team blogs.
Your Say
Join the debate in our forums.