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Mazda SkyActiv technology goes on offer to raise funds

Mazda 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.

Barrett-Jackson to auction commemorative Z06 Corvette for museum fundraiser

In honor of the Chevrolet Corvette's inaugural appearance and victory at the 24 Hours of Le Mans some 50 years ago, Chevrolet built a special 2011 Corvette Z06 wearing the same paint scheme--Arctic White paint, blue stripes and the number "3"--to pay tribute to the class-winning 1960 Cunningham Corvette. Chevrolet and the General Motors Design Center built and added several special one-off features for this car, which has vehicle identification number 001: -- Competition Gray headlamps, mirrors and wheels -- Special 50th-anniversary of Le Mans racing logos -- Blue brake calipers -- Z07 performance package with Brembo carbon-ceramic brakes -- 19-inch front/20-inch rear 20-spoke Competition Gray wheels with Michelin PS2 tires -- Magnetic Selective Ride Control -- Black carbon-fiber front splitter and rockers -- ZR1-style rear spoiler -- Ebony leather-wrapped interior with Competition Gray trim -- Carbon-fiber fenders and floor panels Corvette Racing fans will recognize the special-edition Z06 as a participant in the Legends of Le Mans event at Laguna Seca in 2010. Driven by Corvette Racing legend Ron Fellows, the Z06 was accompanied by the 1960 Cunningham, the 1967 Bondurant/Guldstrand, the 1973 BF Goodrich and the C6.R GT2 Corvettes for a parade lap on the track.

Porsche approves the Cajun, a junior 4x4

Porsche's supervisory board today confirmed it would build the Cajun, a junior SUV to slot beneath the Cayenne in its range. The announcement from Stuttgart confirmed the 'working name' Cajun and said the new model would increase growth. Critics will surely say that the Cajun represents yet another move away from Porsche's sports car roots, but don't forget the effect that Cayenne sales have had on the company's balance sheets.