GM to sell stake in Suzuki to raise cash

The company said the 2007 labor accord has trimmed annual costs by $500 million and that Suzuki Motor Corp. �� Embattled US automaker Ford Motor Co. said Tuesday it would sell a 20-percent stake in its Japanese partner Mazda Motor Corp. Shares of Suzuki Motor Corp were down 4.3%. On Monday, Suzuki announced it had reached an agreement with General Motors Corp. thirds of its stake in Mazda Motor Corp. after finding several Japanese buyers. �� General Motors will sell its 3 percent stake in Suzuki Motor Corp. Toyota Motor Corp. Among the few gainers, Mazda Motor Corp. surged 6.4 percent to 184 yen on speculation that Ford Motor Co. The yen's 16 percent appreciation against the dollar this year caused exporters including Toyota Motor Corp. Astra International, which sells Toyota Motor Corp. vehicles, fell 8.5 percent to 8050 rupiah. efficient sporty compact; Nissan Motor Co. strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp. Slower China sales may hurt the German automaker, General Motors Corp. Toyota Motor Corp. lost 1.3 percent to $62.86. By Edwin Chen • Bloomberg General Motors will sell its 3.02% stake in Suzuki Motor Corp. GM today also said it will sell its 3 percent stake in Suzuki Motor Corp., raising 22.4 billion yen ($232 million). Ltd. the Ford Motor Co. and Mazda Motor Corp. Meanwhile, in an attempt to get cash as it awaits the government decision, GM will sell its entire stake in Suzuki Motor Corp. The automaker will raise 22.4 billion yen ($230 million) by selling its 3 percent stake in Suzuki Motor Corp. The group, representing global carmakers including General Motors Corp. �� Cash-strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp.

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