GM Sells Much of its Equity in Suzuki

Yesterday, General Motors announced that it would be selling off its shares in Suzuki Motor Corp., reducing its equity in the Japanese automaker from 20.4 percent to just 3.0 percent. In monetary terms, the 17.3 percent difference equates to some 92.36 million shares, each valued at 2,500 Yen, worth an estimated $550 to $750 million US dollars after applicable taxes and credits. The GM-Suzuki partnership started twenty-five years