General
Motors Corp. has raised its stake in Suzuki Motor Corp. from 11.6 to 20.1 per
cent.
General Motors of Canada Ltd – a wholly-owned subsidiary of the auto-giant
– has acquired a 11 per cent stake while the parent company holds 9.1 per cent,
said Suzuki in a statement.
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A spokesman said that the GM group’s share in Suzuki now totals 20.1 per cent.
The spokesman added that both companies agreed back in September that through
a $US 600 million investment, GM would double its stake in Suzuki.
