GM to sell its stake in Suzuki

GM’s financial condition is no secret, and with so little left in the kitty, the automaker is working hard to raise finances. While the now-not-so Big 3 wait for a $25 billion federal aid that may take some time to come, if it does at all, there is a need for immediate finance. GM is gearing up to sell its remaining three percent stake in Suzuki motors to generate $230million. The automaker sold 17% stake in the Japanese company in 2006 for funds, and is now looking up to the same option again.

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Via: BBC/ WSJ