General Motors Corp. will sink another $600 million into Suzuki Motor Corp. in order to double its stake in the Japanese automaker to 20%. The move will allow GM to consolidate Suzuki's earnings. The deal signed last week calls for GM to purchase stock at ¥1,127 ($10.52) per share. The money will be used in part to expand model offerings based on the jointly developed YGM-1 car, which will go into production at Suzuki's Kosai, Japan, plant in September 2001. Initial plans are for ...
Premium Content (PAID Subscription Required)
"GM to Double Suzuki Stake" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.