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.

De Tomaso bites the dust – again

De Tomaso has filed for bankruptcy again after failing to complete any of the deals Gian Mario Rossignolo had claimed would save the brand. De Tomaso has never had a an easy time of things despite building a few cars – well, the De Tomaso Pantera, at least – which had real appeal. After its last bankruptcy, former Fiat executive Gian Mario Rossignolo rode in as a white knight to put De Tomaso back on top – or so we thought.

Tesla Model S hits the UK second-hand market – at a premium

You can have a Tesla Model S now, but it’ll cost you The Tesla Model S is now, finally, starting to the UK in RHD, and it offers, for the first time, an electric powertrain that comes very close to offering the same convenience in use as a normal ICE car. True, it’s a far from cheap car to buy – prices start from around £50k and go up to around £100k if you throw caution to the wind and spec up almost everything on the Model S options list. But despite the steep prices, the Model S can be something of a bargain, especially if you’re a business user.