Suzuki Motor
ORG
Suzuki. Suzuki Suzuki Motor
As General Motors sells most of its 21 percent stake in the Japanese carmaker Suzuki Motor, providing a cash infusion after huge losses. Suzuki has done well, particularly in emerging markets like China and India. But the sale comes as Suzuki is in the middle of a multi-year $8.6 billion plan to expand production and develop new cars. Suzuki also owns an 11 percent stake in G.M. As General Motors sells most of its 21 percent stake in the Japanese carmaker Suzuki Motor, providing a cash infusion after huge losses, analysts are wondering if the move will be enough to appease G.M.'s disgruntled shareholders. G.M. will sell about 92 million shares, or a 17.4 percent stake, back to Suzuki for 230 billion yen ($1.98 billion) on Tuesday, the companies said. Suzuki also owns an 11 percent stake in G.M.