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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.

New McLaren F1 to debut at Monaco 2012?

Render of the 2013 McLaren F1 It’s reported that the new McLaren F1 – know as the McLaren P12 – will debut as a concept at the Monaco Grand Prix weekend in May 2012. We first revealed that a new McLaren F1 was being developed in Woking almost three years ago, but at that time it looked like the new F1 – codenamed P12 by McLaren and perhaps destined to get the McLaren 799 moniker – would arrive after both the McLaren MP4-12C and a smaller, higher-volume McLaren aimed at cars like the 911 and R8. By 2011 reports were saying that McLaren had brought forward the new F1 to 2013 and that it would get a 5.0 V8 with something around 800bhp, a carbon fibre tub (just like the 12C) and lots of electronic handling aids like brake steer and brake force distribution, ceramic brakes and a very low weight.

UK New car sales hit 394,806 in March 2013

The latest figures from the SMMT show that new car registrations in the UK in March 2013 hit 394,806, up 5.9 per cent over March 2012. The seemingly inexorable rise in new car registrations in the UK is continuing, with the Society of Motor Manufacturers and Traders (SMMT) reporting sales in March 2013 up 5.9 per cent on March 2012, with a total of 394,086 cars registered. These figures mean that new car registrations have grown for thirteen consecutive month and are now at their highest level since the Government introduced the Scrappage scheme in 2010 to try and breathe new life in to the market and encourage buyers to opt for low emission cars.