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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.

Daihatsu OFC-1 and HSC concepts

By Ben Pulman Motor Shows 11 September 2007 10:51 It looks remarkably like a Copen… It does indeed, and at 5mm shorter, the same width, and only 45mm higher the OFC-1 is all but identical to the Copen. In fact, it is the new Copen, just not as cute. But perhaps the biggest changes is the switch from a two to a three-piece folding roof.

Smile, You’re On Camera

A COUNCIL in east London has rolled out the first unattended CCTV enforcement system for moving traffic offences, in a bid to curb drivers from making illegal turns or stopping in yellow-box junctions. Redbridge council has placed cameras at four trouble spots, which can also catch drivers ignoring restricted access signs. Redbridge council's environment, transportation and crime committee head, Shoaib Patel, said: "The system was installed to counter the high number of drivers that were ignoring the traffic restrictions that were in place, causing severe safety hazards to pedestrians and other drivers.