Suzuki Motor Corp. has cut its holding in Chongquing Changan Automobile Co. Ltd. by more than half to 4.984%. Suzuki reportedly sold a total of 61.37 million B shares in Changan, 5.003% of its share capital. Suzuki now holds 61.13 million shares in the auto maker, or 4.984%. Changan and Suzuki have a joint venture to make compact cars. Changan also currently is building a $98 million 50/50 assembly plant with Ford Motor Co. that is slated to begin production in fourth quarter 2002. It is ...
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