3, 07. 2006
General Motors Corp. is to sell most of its stake in Suzuki Motor Corp., and Suzuki will buy their own shares, Suzuki announced the agreement on Mar. 6.
The deal will decrease the GM’s shareholding ratio of Suzuki shares from 20% to 3%. Both companies, however, say their business alliance will continue. The U.S. auto giant, suffering from financial difficulties, also unloaded its stake in Fuji Heavy Industries Ltd. in 2005.
