Suzuki to buy back its shares from General Motors Blog Post at Automotive.com
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Suzuki to buy back its shares from General Motors

Posted November 19 2008 07:04 AM by staff 
Filed under: Miscellaneous, Suzuki

Did you know General Motors has stock in Suzuki? GM has actually owned a piece of Suzuki since 1981.



Well, not much longer. It appears that the Detroit company wants to dump its shares. You see, it needs the cash, a lot of it, fast.

Suzuki will be buying back the shares for around $230 million. GM's HUMMER brand is still for sale and GM CEO Rick Wagoner is practically on bended knee over at the White House to secure some funding.




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