Trading in shares of Jardine International Motor Holdings (JIMH) was suspended yesterday pending a 'price sensitive' announcement. The luxury-car distributor gave no details about the suspension but a further announcement is expected today. The company's shares rose 11 per cent on Friday to close at HK$2.50. JIMH, 75 per cent-owned by Jardine Matheson, has been in talks with German-United States car-maker DaimlerChrysler, which wants to take over the company's distributorship of Mercedes-Benz cars in Hong Kong, Macau and the southern part of the mainland. Last September, DaimlerChrysler said it was in talks with JIMH's Singapore-based subsidiary Cycle & Carriage over the future development of its business plans in the city-state. Speculation that the group could lose the lucrative distributorship across the region prompted JIMH's shares to fall 9.04 per cent to HK$4.27 at the time. The counter has fallen 32 per cent this year, compared with a 6.7 per cent drop in the Hong Kong All Ordinaries Index. JIMH's earnings have been hit hard by the poor performance of its British franchises, the largest part of its business. In 1998, the group entered into an unsuccessful joint venture with Ford Motor to buy Dagenham Motors Group, Britain's largest independent Ford dealership network.