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Fire sale continues: Ford cuts stake in Mazda

By Tim Pollard Motor Industry 18 November 2008 16:09 Yesterday GM sold its stake in Suzuki; today Ford announced plans to slash its shareholding in Mazda. Previously the Blue Oval held a third of Mazda’s stock, but it has cut that to just 13%. Ford admitted the sale was purely to boost its balance sheet, as the Big Three continue to struggle with cashflow.

Howard Hughes’s Lincoln sells for $1 million at Tulsa auction

A 1936 Lincoln Boat Tail Speedster--customized to the personal tastes of Howard Hughes--sold for $1 million at the Leake Car Show & Auction on June 13 in Tulsa, Okla. The head-turning blue and polished aluminum classic was the headliner at a sale that raked in $12.2 million and attracted more than 10,000 people to the three-day event. The Boat Tail is a truly unique car.

Film Friday: Auburn Speedster tackles the Bonneville Salt Flats

Inspired by a recent trip to the Auburn Cord Duesenberg Museum in Auburn, Ind. (more to come on that soon!), we're diving into the historical film archives for some A-C-D goodness. And it doesn't really get any better than vintage footage of the classic Auburn 851 Boattail Speedster tearing up the Bonneville Salt Flats circa 1935 followed by a demonstration of the big Duesenberg streamliner, “The Mormon Meteor” thundering across the lake bed.