GM has sold their remaining 3% share in Suzuki for $230 million.

GM said the move was "based on a mutual agreement." The Japanese compact-car maker said it was mindful of GM's need to secure funds as the company reels from a slump in auto sales in its major markets and high operating costs.

Meanwhile..

Ford sold 20% of their share in Mazda for $540 million, leaving them with a 13% share in the company remaining. 2 of the 3 Ford members on the Mazda board would leave along with the 20% share.

Be interesting to see if Ford hold onto the last 20% or not. But either way, it shows times are tough in the US. Interesting that 3% of Suzuki was worth nearly half what 20% of Mazda was worth though :S

With all the talk of GM in the US lately, i've heard next to nothing about Chrysler too.