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BuddyP

GM to Sell Entire Stake in Suzuki to Raise Cash

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CluelessNN initial reported that Suzuki was going to sell off it's GM stock, 'further putting pressure on the troubled automaker'. Now I'm confused... :wink:

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$230 MILLION? Well, that will pay for about 20 minutes of what GM is losing these days.... <_<

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^ That may not even cover the lawyer's fees!

Edited by Cremazie
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I thought they already sold them off....not sure it is going to help though....

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Is this the first step in a major downsizing? $230million in cash is better then $230million in further losses however you look at it.

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Well, I am rather sure that this won't hurt GM in the least considering that they don't have anything from Suzuki to sell, and Suzuki only has their XL-7 and the 3.6L engine from the deal, so as long as it helps GM, why not!

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Suzuki still has an investment in GM-Daewoo. I wonder how this impacts that relationship agreement. GM needs GM-Daewoo for its future lineup of sub-compacts & compacts.

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