Monroe/expert Series 71801 Rear Sensa Trac Strut on 2040-parts.com

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.

£2m McLaren P1 GTR for Pebble Beach

McLaren McLaren will show its new P1 GTR – pictured here for the first time in an official teaser shot above – at the Pebble Beach Concours d’Elegance car show next month. The P1 GTR will feature a number of circuit-biased modifications – including a 1,000hp engine – and will cost £1.98 million. McLaren P1 GTR: track-focused modifications The GTR is based on McLaren’s P1 hybrid hypercar, itself designed not to be the fastest, but the most focused, involving and advanced driver’s car there is.

Congress scales back tax break for car buyers

A proposed tax break for new-vehicle buyers is dramatically scaled back in the final version of the economic stimulus bill. Auto dealers and their allies had sought to make interest on auto loans and the sales and excise taxes on new-vehicle purchases deductible from federal taxes. Proponents say those measures are needed to boost showroom traffic and sales.