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Mazda 3 saloon (2009): first photos

By Tim Pollard First Official Pictures 09 October 2008 12:20 Mazda is replacing its 3 family of hatchbacks and saloons and we'll see this US-market sedan at next month's Los Angeles motor show. It's a four-door for the notchback-obsessed Americans, but we'll see the five-door Euro-style Mazda 3 hatch a few weeks later at the 2008 Bologna motor show. The new Mazda 3 is believed to be based on the engineering skeleton of a Ford Focus, so expect a front-wheel drive layout and a wide spread of diesel and petrol engines.

Tesla pays off its government loans

Tesla paid off the last of its $465 million government loans May 22, nine years ahead of schedule, thus outperforming most U.S. college graduates and the vast majority of American homeowners. Tesla used funds from a stock offering to finish the loan with a whopping bank transfer of $451.8 million Wednesday, pointing out that it was “…the only American car company to have fully repaid the government.” Apparently no one at Tesla was even born when Lee Iacocca paid off Chrysler's $1.2-billion government bailout ahead of schedule back in 1983.

Aston Martin to axe a third of jobs

Aston Martin today announced 600 potential redundancies. It is consulting with the unions to lose 300 permanent jobs and 300 temporary staff By Tim Pollard Motor Industry 01 December 2008 14:00 Aston Martin announced at 2.00pm today that it is to cut a third of its UK workforce in a response to a slump in sales. The company, based in Gaydon, Warwickshire, said it today launched a consultation with the unions to cut 300 permanent jobs and 300 temporary posts – out of a total of 1850 employees.