GM will sell its 3% stake in Suzuki in order to raise cash.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The move comes as the U.S. Congress debates a bailout for money-losing car makers that some say will give the firms a chance to restructure and save jobs while others say it only throws good money after bad.


The two firms, which together own a factory in Canada for the North American market, plan to continue to cooperate on developing hybrid cars, and there may be tie-ups in emerging markets, Suzuki said.


Suzuki and GM have maintained a business relationship that dates back to August 1981. The companies have agreed to be committed to continue promoting and implementing not only our existing projects, including development collaboration on advanced automotive technologies, but also collaboration on entries in new emerging markets.


GM plans to sell 16,413,000 Suzuki shares, which is equal to 3% of Suzuki’s total issued common stock, on the open market on November 18.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The purchasing price will be the closing price today of JPY1,363/share. The total amount is estimated to be JPY22,370,919,000 (approx USD230m). The funds required to purchase the stock will come out of Suzuki’s own internal reserve.


The Chairman and CEO of Suzuki, Osamu Suzuki, said in a statement: “Suzuki and GM have been constantly exchanging frank opinions on various topics as business partners. As GM taking this particular step to sell the shares it owns as a step toward strengthening its balance sheet is very understandable, we wanted to support GM’s decision. We confirmed each other in a conference call with Wagoner-san and me that all individual initiatives will be pursued as they are today. There will be no impact on Suzuki’s current business plan.”