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Kate Middleton talks about the ‘huge challenge’ of motherhood
Kate Middleton isn’t upset with Prince William after ski trip, report denied
Kate Middleton not pregnant with royal baby no.3, despite report
Kate Middleton and Prince William arrive in Paris for 2-day tour
Meghan Markle reportedly told Kate Middleton he was pregnant, rumor subsequently denied

Suzuki sells its CAMI shares to GM

in All, Auto
by Dan
December 7, 2009 at 4:44 am

Rumor has it that Suzuki sold its 50% stake in the Canadian Automotive Manufacturing INC production Facility to General Motors.

Rumor has it that Suzuki sold its 50% stake in the Canadian Automotive Manufacturing INC production Facility to General Motors. The production line for a few Suzuki models will shut down at the Ingersoll Ontario plant.

This wil not neccesary mean a loss for Suzuki, according to their spokesman, and it is due to the bad sales of model XL7 produced at that location.

GM owned in the past 20% share in the Japanese automaker and ended their collaboration after 23 years. They were forced to sell due to imminent bankruptcy.

The site will receive around $85 mil and will increase productivity and personell.GM Canada President Arturo Elias has very good faith in CAMI, and he is confident that they will imporve their good results with the launch of the Chevrolet Equinox and the GMS Terrain.

2010-suzuki-gmc-terrain

Source: Automotive News

www.automobilemag.com

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