Detroit (ots/PRNewswire) - - Will retain 3 percent, continue strategic alliance General Motors Corp. (NYSE: GM) today announced it would reduce its equity stake in Suzuki Motor Corp. from 20.4 percent to 3.0 percent, by selling 92.36 million shares. The strategic alliance between GM and Suzuki will continue. GM plans to sell these Suzuki shares, representing 17.4 percent of the shares outstanding, through ...
Detroit (ots/PRNewswire) - General Motors Corp. (NYSE: GM) has no plans to fully unwind its current equity relationship with Suzuki. The strategic and business relationship between GM and Suzuki is robust and will continue. In the event GM reduces its stake in Suzuki, it will be done in an orderly manner through an open market repurchase. GM has no further comment about today's speculative news reports. ...
Detroit (ots/PRNewswire) - - Strategic decision to sharpen focus on other aspects of global development General Motors Corp. (NYSE: GM) today announced the sale of its approximate 20 percent equity stake (about 157 million shares) in Fuji Heavy Industries (FHI). The alliance between GM and FHI will end and GM will refocus its efforts and resources in the ...
Detroit (ots/PRNewswire) - General Motors Corp. named Yazaki Corporation as its Corporation of the Year at the 13th annual Supplier of the Year celebration held Saturday in Detroit. In addition to being named the 2004 Corporation of the Year, the company was been recognized as a GM Supplier of the Year. "In 2004, Yazaki demonstrated the strong capabilities of ...
Detroit (ots/PRNewswire) - - Ceremonies Celebrate World Class Performance General Motors Corp. presented 78 companies with its prestigious Supplier of the Year award today at a celebration held at GM's Vehicle Engineering Center in Warren, Michigan. Suppliers are an integral part of GM's global product and performance, and each of the winners was recognized for its exceptional contributions to the company ...
Detroit (ots/PRNewswire) - - Master Agreement Is Terminated - GM Preserves Diesel Engine Capability - Joint Cost Savings Expected to Continue General Motors Corp (NYSE: GM) and Fiat S.p.A. (NYSE: FIA) today announced they have executed an agreement to terminate the Master Agreement between the companies and realign their industrial relationships. The boards of directors of both GM and Fiat have approved ...
Detroit (ots/PRNewswire) - General Motors Corp. (NYSE: GM) today said that the mediation process between GM and Fiat, initiated by GM on December 16, 2004, will conclude February 1, 2005. The mediation relates to our assertion that Fiat has committed material breaches of the Master Agreement between the companies. Contacts: Toni Simonetti of GM, +1-212-418-6380 or mobile +1-917-822-3392 Or Tony ...