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Fire sale continues: Ford cuts stake in Mazda
Tue, 18 Nov 2008By 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.
2013 Buick Encore priced at $24,950
Thu, 20 Sep 2012The 2013 Buick Encore crossover will cost $24,950, including a $750 destination charge. The top trim package, called Premium, will sticker at $28,940. A 1.4-liter turbocharged engine will power the small SUV, which competes against the Acura RDX, Hyundai Tucson and the Ford Escape.
Audi A2 concept (2011) first official sketches
Fri, 02 Sep 2011Audi's product planners must hate having weeks when they don't have new product to announce. Just imagine, sitting around, twiddling their thumbs. So we shouldn't be surprised that Audi today confirmed it would unveil an A2 concept at the 2011 Frankfurt motor show.