Welcome to the North American Subaru Impreza Owners Club Thursday April 17, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 03-05-2006, 10:04 AM   #1
Hazdaz
Scooby Guru
 
Member#: 14611
Join Date: Jan 2002
Default GM to sell 20 pct stake in Suzuki Motor

http://news.yahoo.com/s/nm/20060305/...apan_suzuki_dc

GM to sell 20 pct stake in Suzuki Motor


TOKYO (Reuters) - General Motors Corp is planning to sell its 20 percent stake in Japanese compact car maker Suzuki Motor Corp, the economic daily Nihon Keizai Shimbun (Nikkei) reported on Sunday.
ADVERTISEMENT

Suzuki said in a statement that "GM and Suzuki will not completely dissolve their capital alliance," adding that the two partners would continue their "strong" operational cooperation.

A Suzuki spokesman declined to elaborate on whether that was a denial of the report or whether it could signal a partial dissolution of their tie-up.

Sources quoted by Kyodo news agency said it was not immediately clear whether GM planned to sell the entire stake or to whom it planned to sell the shares.

Analysts have speculated GM might sell its stake in Suzuki as part of a wider asset restructuring by GM, which sold its stake in Fuji Heavy Industries in October.

According to the Nikkei, which said that GM's decision had been conveyed to Suzuki by Saturday, the price of the sale would be some 270 billion yen ($2.33 billion).

Last month, Suzuki posted a 5.5 percent rise in quarterly operating profit on brisk vehicle sales worldwide, and reiterated its forecast for higher full-year earnings.

For the year to March 31, the maker of the Swift compact car stood by its projection for an operating profit of 108 billion yen, which would be 0.4 percent better than last year and would mark the sixth straight year of record profits.

Shares in Suzuki, which has been boosting sales of motorcycles and cars in Asia and Europe, rose 4.0 percent during the three months to December.
* Registered users of the site do not see these ads.
Hazdaz is offline   Reply With Quote
Old 03-07-2006, 11:03 AM   #2
mhoward1
Scooby Specialist
 
Member#: 9481
Join Date: Aug 2001
Chapter/Region: South East
Location: FFR Challenge #43
Vehicle:
2011 Carrera 4s
2009 BMW M5

Default

TOKYO (Reuters) -- Suzuki Motor Corp. said on Tuesday it bought back 91.09 million, or 16.8 percent, of its own shares previously held by General Motors in the open market for $1.93 billion (227 billion yen)
mhoward1 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Report: Pininfarina Family Hires Bank To Sell 50.7% Stake In Design Firm AVANTI R5 Non-Subaru News & Rumors 1 08-10-2009 11:46 AM
Report: GM to sell Opel stake to RHJ, not Magna AVANTI R5 Non-Subaru News & Rumors 0 06-30-2009 02:25 PM
Ford to shed 20 percent stake in Mazda Hazdaz Non-Subaru News & Rumors 5 11-18-2008 07:18 PM
GM to sell 3% Suzuki stake for $232 million Hazdaz Non-Subaru News & Rumors 9 11-18-2008 10:59 AM
GM to sell Fuji Heavy Industries stake, end alliance FunkerVogt Off-Topic 47 10-09-2005 01:12 AM


All times are GMT -4. The time now is 09:57 AM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.