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UK car sales up 11% in May (2013)

The Ford Fiesta (pictured) was again the best selling car in the UK The rise and rise of new car registrations in the UK continues to defy the rest of the economy, with figures up in May 2013 by 11 per cent year on year, and private sales up a massive 20.9 per cent to levels last seen in 2007. It’s the fifteenth month in succession new car registration have risen in the UK, with sales for May at 180,111 and total sales to date in 2013 hitting almost 1 million units, at 948,666. The SMMT think the big jump in private registrations is down to a number of factors, including cars bought under the scrappage scheme now being traded in for a new car, strong incentives from car makers and the promise of new cars offering lower running costs, and they’re probably right, although there are other factors in play too.

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.

Fisker delays Atlantic production start to 2014-2015

Fisker Automotive will start production of the Atlantic in late 2014 or 2015, according to a Reuters report. That's two years later than the planned production start of the midsized gasoline-electric sedan. “The Atlantic is really the volume car that begins to build growth,” Fisker CEO Tony Posawatz said during a conference call with investors and analysts.