TOKYO, Mar 5 (Reuters): General Motors (GM) Corporation is planning to sell its 20 per cent stake in Japanese compact car maker Suzuki Motor Corp, the economic daily Nihon Keizai Shimbun (Nikkei) reported Sunday.
Suzuki said in a statement that "GM and Suzuki will not completely dissolve their capital alliance," adding that the two partners would continue their "strong" operational cooperation.
A Suzuki spokesman declined to elaborate on whether that was a denial of the report or whether it could signal a partial dissolution of their tie-up.
Sources quoted by Kyodo news agency said it was not immediately clear whether GM planned to sell the entire stake or to whom it planned to sell the shares.
Analysts have speculated GM might sell its stake in Suzuki as part of a wider asset restructuring by GM, which sold its stake in Fuji Heavy Industries in October.