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GM to sell its 3% stake in Suzuki for US$232 million 
India Automotive | by noreply@blogger.com (.) | Sun, Nov 16
India Automotive is the #1 Blogger for Suzuki
General Motors Corp. has announced that it will sell its 3% stake in Suzuki Motor Corp. back to Suzuki, for US$232 million, in a bid to raise cash. Suzuki will pay 1,363 yen per share to GM to buy back the 3.02% stake. GM had, back in March 2006, sold a 17.4% stake in Suzuki for around US$2 billion.
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