November 17, 200817 yr CluelessNN initial reported that Suzuki was going to sell off it's GM stock, 'further putting pressure on the troubled automaker'. Now I'm confused... :wink:
November 17, 200817 yr $230 MILLION? Well, that will pay for about 20 minutes of what GM is losing these days....
November 17, 200817 yr ^ That may not even cover the lawyer's fees! Edited November 17, 200817 yr by Cremazie
November 17, 200817 yr I thought they already sold them off....not sure it is going to help though....
November 17, 200817 yr Is this the first step in a major downsizing? $230million in cash is better then $230million in further losses however you look at it.
November 18, 200817 yr Well, I am rather sure that this won't hurt GM in the least considering that they don't have anything from Suzuki to sell, and Suzuki only has their XL-7 and the 3.6L engine from the deal, so as long as it helps GM, why not!
November 18, 200817 yr Suzuki still has an investment in GM-Daewoo. I wonder how this impacts that relationship agreement. GM needs GM-Daewoo for its future lineup of sub-compacts & compacts.
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