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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.

2014 Porsche Cayman gets a performance-testing iPhone app

To promote the new 2014 Cayman, Porsche has cooked up an iPhone app called “Cayman Code of the Curve.” You're probably already rolling your eyes at the prospect of another automaker app that is little more than a downloadable advertisement, but this seems to be something different -- the app is designed to record your driving performance in real-time and then share results with friends. Porsche enthusiast site flatsixes.com has an exclusive first look at the app, which is still in development but is reported to be coming “soon.” Based on preliminary screenshots provided by Porsche, the app instructs users to set up a variety of courses -- cone slalom, autocross and reaction-time challenge courses are shown -- then uses the iPhone's internal accelerometer and GPS receiver to track and record your performance. You'll also be able to use the app's “record your curve” function to share favorite drives with friends on Facebook.

Autoweek in review: Subaru WRX coupe caught testing, we drive the 2013 Volkswagen Golf, and ride shotgun in the Porsche 918

The 2014 Subaru WRX coupe was caught out on the open road on Oct. 4. Could it be a possible BRZ-based STI?