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Mazda opens new plant in Salamanca, Mexico

Mazda Motor Corp. chairman Takashi Yamanouchi opened the company's new small-car assembly plant in Mexico today, calling it the company's "most important global strategic base." The factory, which will produce up to 230,000 vehicles each year, is a cornerstone of the structural reform plan "upon which the very future of company hinges," Yamanouchi said in remarks prepared for the opening ceremony. "Mazda's Structural Reform Plan, upon which the very future of the company hinges, positions this plant as our most important global strategic base," Yamanouchi said of the factory, which is about three hours northwest of Mexico City in Guanajuato State.

Tomorrow's world: lightweight carbon composites

Once all the dust settles on The Great Battery Farce (the idea that the world's ills will be taken care of by sticking a battery in everything that moves and charging it up) we may eventually face up to the fact that the best way to move something around more economically, is to move less of it. That means making things lighter, a lot lighter. Car makers are working on it and manufacturers like Audi and Jaguar have already become masters in bringing aluminium to the mass production.

Still saving for a McLaren F1? You’ll need to try harder as they’ve hit £6.2 million

This McLaren F1 sold for $10 million The price of the McLaren F1 keeps on rising, and just last year F1 chassis #66 was sold by Gooding and Co in the US for a then record-breaking £5.42 million. But that record seems to have been broken. Ferrari specialists DK Engineering in Hertfordshire have just spent six months tracking down an F1 for a British buyer, culminating in chassis #28 being sold for a reported £6.2 million ($10 million).