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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.

Porsche Panamera GTS arrives at LA Show

Porsche Panamera GTS Now that we’re a couple of years in from the launch of the Porsche Panamera, Porsche think it’s about time we got to know the hard-edge side of the Panamera, so the LA Auto Show has seen the arrival of the Porsche Panamera GTS. Just like other GTS Porsches – particularly the Cayenne GTS – it’s probably best to think of the GTS as a Turbo without a Turbo and a bit of attitude thrown in to the mix.# Despite its harder-edged stance and sporting pretensions the 2012 Panamera GTS is atill a bit of a lump, coming in at 1920kg thanks, in part, to the standard 4WD setup. But even with the lard and drive to all four wheels, the 425bhp V8 can still pick up its skirts and hustle to 62mph in a very respectable 4.5 secondsa and on to a top speed of 179mph.

Wild thing: Audi A1 clubsport quattro unveiled

Audi has created a 496-hp version of the A1 small car to celebrate the 30th anniversary of an Austrian festival for Audi, Seat, Skoda and Volkswagen fans. Called the A1 clubsport quattro, the one-off show car gains a heavy dose of rally-inspired styling that is said to preview the appearance of a hot new all-wheel-drive S1 quattro model being developed by Audi as a rival to the likes of the Renault Clio Sport. At the heart of the hatchback is a heavily modified version of Audi's turbocharged 2.5-liter, five-cylinder powerplant shoehorned transversely into the A1's compact engine bay.