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Volvo discontinues S40 and V50 for 2012

Volvo will discontinue the S40 sedan and the V50 wagon for the 2012 model year in the United States. The second-generation S40 came out in 2004, and the V50 debuted in 2005. According to Volvo spokesman Dan Johnston, S40 sales were down 29 percent by the end of last year and V50 sales were down more than 50 percent.

Ferrari F70 takes test laps

It's a strange world we live in when, even in my short-to-medium lifespan, we've gone from the 1980 Ferrari 308 GTSi making either 205 or 214 hp—depending on who you're asking—to the Ferrari F70, which is rumored to make 950 hp with its V12 and KERS system. I would put an Excel graph here, but just imagine a line going up at a 45-degree angle to infinity. With all of that in mind, here's about five minutes of the camouflaged supercar flying around the test track with fantastic audio of the Italian stallion in action.

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.