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Mini Rocketman concept (2011) at 2011 Geneva motor show
Wed, 23 Feb 2011The new Mini Rocketman is manna from heaven for critics who bemoan the new BMW Mini’s growth spurt from bijou city car to bloated supersized mini. The Rocketman, Mini’s 2011 Geneva motor show debutant, is a blueprint for a new kind of smaller Mini – and it’s within an inch or two of Alec Issignois’s 1959 original. Don’t dismiss the Mini Rocketman as pie-in-the-sky concept.
Mazda SkyActiv technology goes on offer to raise funds
Wed, 15 Feb 2012Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.
Elon Musk says NYT story cost Tesla $100 million
Mon, 25 Feb 2013Tesla CEO Elon Musk told Bloomberg TV on Monday that the recent negative New York Times review of the Model S sedan decreased the company's stock-market value by as much as $100 million. The NYT-Tesla saga began on Feb. 8 with reviewer John Broder recounting the tale of how he was stranded when the Model S didn't live up to its 300-mile claimed range.