TOKYO (AP) - Cash-strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp. for 22.37 billion yen ($230 million), the automaker's latest move to stay afloat while awaiting a decision on government aid for the industry.
Suzuki said Monday it would buy back the 3.02 percent stake from the American auto giant, which is seeking a $25 billion government lifeline, together with Ford Motor Co. and Chrysler LLC, to weather the deepening economic crisis.
GM to sell stake in Suzuki to raise cash
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