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11-17-2008, 07:37 AM | #1 | |
Scooby Guru
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GM to sell 3% Suzuki stake for $232 million
http://www.marketwatch.com/news/story/gm-sell-3-suzuki-stake/story.aspx?guid={A81BE283-A227-4B24-92B4-F7D021CF09AE}&siteid=yahoomy
GM to sell 3% Suzuki stake for $232 million Quote:
... Cerberus bought 80% of Chrysler for $7.4 Billion, making all of Chrysler worth about $9 Billion at the time ... and Suzuki bought 3% of themselves back from GM making them worth almost $8 Billion right now... not that far behind the (formerly) much, much larger Chrysler. That's just pretty damn pathetic if you ask me.
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11-17-2008, 08:24 AM | #2 |
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wtf good did suzuki get from GM anyway. aside of GM selling re-badged kei cars in japan.... wtf was in this deal for suzuki anyway? good on them for getting the F out, or partially anyway
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11-17-2008, 09:15 AM | #3 | |
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Quote:
I am sure that Suzuki got a piece of GM's Asian dealings (especially with GM's Korean division) and access to US markets was probably easier since it was partially owned by GM too. I am sure that they will still work closely with each other if they need to, but right now GM needs the money so even though $230 M will probably only buy GM a couple of days, it's still better than nothing. |
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11-17-2008, 12:03 PM | #4 |
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So what impact will this have on Suzuki's US operations?
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11-17-2008, 01:44 PM | #5 | |
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GM/Suzuki plant to lay off 600 workers in Ontario
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11-17-2008, 03:51 PM | #6 | |
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Quote:
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11-17-2008, 03:58 PM | #7 |
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Didn't Suzuki just release a truck based on the NISSAN Frontier?
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11-17-2008, 03:59 PM | #8 |
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11-17-2008, 04:01 PM | #9 | |
Scooby Guru
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Quote:
Oh, I knew the situation was much worse now, but didn't feel like making myself ill by looking up how little Chrysler was even worth today. |
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11-18-2008, 10:59 AM | #10 |
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Good for GM, less money out of my pocket.
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