GM to Sell Suzuki - aftermarketNews
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GM to Sell Suzuki

The sale is intended to keep the company afloat, as it awaits word on a government bailout.

TOKYO — General Motors Corp. announced it will sell its entire stake in Suzuki Motor Corp. for $230 million. The sale is intended to keep the company afloat, as it awaits word on a government bailout.

According to the Associated Press (AP), Suzuki said it would buy back the 3.02 percent stake from GM. While selling its stake in Suzuki is necessary, the two automakers plan to continue their business partnership, the AP said. GM and Suzuki have had ties since 1981.

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