Announcement on the sale of Suzuki shares by General Motors Corp.

November 18th, 2008

Suzuki Motor Corporation made an announcement today concerning the sale of Suzuki shares by General Motors Corporation with a mutual agreement to continue the implementation and expansion of the business relationship between the companies.Suzuki and GM have maintained a constructive 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.The above agreement is based on a recent dialogue between Rick Wagoner, Chairman and CEO, General Motors Corporation, and Osamu Suzuki, Chairman and CEO, Suzuki Motor Corporation. This has been supported and already approved by both GM and Suzuki boards by today. They also confirmed to give positive consideration on a possibility for GM to repurchase Suzuki shares in the future.

GM plans to sell 16,413,000 Suzuki shares, which is equal to 3 percent of Suzuki’s total issued common stock, on the open market on 18 November. Suzuki will utilize the TSE-sanctioned TosTNET-2 (pre-announcement based, treasury stock purchasing system) to purchase the equivalent number of shares to be sold by GM as its treasury stock through the open market.

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

Statements by Osamu Suzuki

“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.”

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Ford to Change Ownership Stake in Mazda

November 18th, 2008

Mazda Motor Corporation (Mazda) has announced today that Mazda and several of its strategic business partners will acquire a part of Ford Motor Company’s (Ford) shares in Mazda through market trading.

As a result, the ratio of Ford’s ownership of Mazda stock will be reduced from 33.4 percent to just over 13 percent, with the new agreement allowing the two companies to continue their strategic relationship that spans nearly 30 years.

“The sale of Mazda shares by our partner, Ford, will not result in any change in Mazda’s strategic direction and we will continue to accelerate our product-led brand improvement and cost innovation initiatives,” says Mazda’s Chairman, President and CEO, Hisakazu Imaki. “We will continue our strategic relationship through our ongoing joint ventures with Ford, as well as the sharing of platforms and powertrains.”

“This agreement allows Ford to raise capital that will help fund our product-led transformation, and at the same time, allows Ford and Mazda to continue our successful strategic relationship in the best interest of both companies,” said Ford President and CEO Alan Mulally.

Ford’s sale of the Mazda stock will be achieved through Mazda and a group of Mazda’s strategic business partners each buying a portion of the shares

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Mazda Refines Dynamic Demio

November 17th, 2008
Mazda Motor Corporation has released refined versions of the Mazda Demio compact on sale in Japan. Known as the Mazda2 in overseas markets, the Mazda Demio has earned high praise in Japan and abroad. The freshened model goes on sale today at all Mazda, Mazda Anfini and Autozam dealerships nationwide. Manufacturer’s suggested retail prices range from 1,195,000 to 1,621,750 yen (including consumption tax).

The freshened interior features a glossy black center panel and matching materials for the seat cover centers and door trim. New silver garnish on the shift knob, parking brake and inner door handles adds to the enhanced overall quality. Aluminum Metallic, a dark silver exterior body color, has also been added to reflect the quality improvements.

Source: Mazda Motor Corporation

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Nissan to Co-Host the 9th National Wheelchair Marathon

November 17th, 2008

Nissan Motor Co., Ltd. will co-host the 9th National Wheelchair Marathon “NISSAN Cup Oppama Championship 2008″ for three days from December 5 to December 7, 2008. The special marathon will take place at its Oppama Plant (Natsushima-cho, Yokosuka City, Kanagawa-Prefecture) and Yokosuka City, Kanagawa Prefecture.

Marking its ninth year, the national wheelchair marathon has greatly contributed to the development of sports for the disabled. The event has helped strenghtened bonds between the corporate sector and local communities with over 500 Nissan employees and local volunteers working together as route-marshals and water-station staff along the route every year since the first event in 2000.

Attracting about 200 wheelchair marathoners every year, including accomplished paralympic athletes from all over Japan, the event celebrates the greatness of these outstanding athletics.

Nissan’s employees contribute to its “Taiyo Fund” which goes to various athletic organizations for the disabled. The marathon route will pass through Nissan’s Grandrive proving ground next to its Oppanma plant and the adjacent public roads.

Nissan continues to support community-based projects that will help contribute to improved quality of life for the communities in which it operates.

Outline of the 9th National Wheelchair Marathon “NISSAN Cup Oppama Championship 2008″

Source: Nissan Motor Co. Ltd.

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NISSAN TO INTRODUCE ULTRA-LOW PRECIOUS METAL CATALYST ON NEW CUBE

November 15th, 2008

Nissan Motor Co., Ltd. announced it will introduce its ultra-low precious metal catalyst on the new Cube*1, to be launched on Nov. 19. The breakthrough catalyst, a world’s first, utilizes half the amount of precious metals compared with conventional catalysts.

Of the world’s precious metals reserve, a high percentage of platinum (50%) and rhodium (80%) are used in the automotive industry as catalysts.

In conventional catalysts, the high temperatures within the catalyst cause the precious metals to cluster, reducing the exposed metal surface area, leading to less-effective cleaning of the emissions. To compensate, existing converters contain higher amount of precious metals in order to maintain an efficient level of cleaning.

With Nissan’s pioneering technology, the precious metal attached to the substrates*2 are separated by a “wall material” which prevents clustering of the precious metals, leading to improved cleaning efficiency. Masanori Nakamura, manager of the Nissan Research Center explained the concept using the analogy of “eggs protected in a bird’s nest”, adding that “Nissan engineers approached the problem from a physical perspective rather than a chemical perspective in order to achieve the breakthrough.”

The new under floor catalyst to be introduced in the next generation Cube uses half the amount of precious metals, from 1.3g down to .65g. Efficiency is improved with 75% less nitrogen oxides (NOx) and non-methane hydrocarbons (NMHC) emitted, lower than the Japan 2005 exhaust emission standards.

The ultra-low precious metal catalyst will be produced in Nissan’s Yokohama Plant for the domestic vehicle market. This technology has been developed under the Renault-Nissan Alliance, and future applications will include Renault vehicles and diesel engines as well as potential for non-automotive application.

Source: Nissan Motor Co. Ltd.

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