CEO Rick Wagoner claims that despite the sell-off, GM and Suzuki will remain in partnership on various vehicles and ventures. Collaborations include hybrid vehicles, fuel cell vehicles, global purchasing, and the CAMI assembly plant in Canada that produces the Suzuki XL7 SUV, Chevrolet Equinox SUV, and Pontiac Torrent SUV. GM has said that at its current spending rates, it might go out of business early next year if it does not receive an infusion of capital from the Federal Government.
Across town, Ford Motor Company is considering a similar move with Japan-owned Mazda. Ford has a much bigger stake in Mazda, at 33 percent, and it too burned through huge amounts of cash in the third quarter: $7.7 billion, to be exact.--Colin Mathews