Suzuki to continue partnership with GM

Japan’s Suzuki Motor Corp. Chairman and Chief Executive Osamu Suzuki said that the company would continue its tie-up with U.S.-based General Motor Corp. (GM), even though the two companies have dissolved their capital alliance. GM sold its 3% stake in Suzuki recently, in a bid to raise about US$230 million. The top executive’s comments are in line with what Suzuki Motor said when the share sale was announced. (November 26, 2008)