What, GM actually has the money to BUY companies? Suzuki says they want sell the whole shebang in their 50:50 joint venture in Canada to their JV partner, General Motors, says the Nikkei [sub]. That would be the end of a more than 20-year marriage.
Interestingly, Suzuki says they will sell their 50 percent stake in the Ontario-based Cami Automotive Inc. to GM, because GM asked them to. (Of course, there must have been more than a short “Sumimasen, we‘d like our shares back.” “Hai, wakarimashita!”)
According to the Nikkei, the timing of the share sale hasn’t been decided, and mum’s the word on how much GM will shell out for Cami.
Question to the Best & Brightest: Why?