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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 Toyota FT-1 and FT-1 Vision Gran Turismo Concept revealed

The new Toyota FT-1 Concept (pictured) will debut at Pebble Beach At the Detroit Motor Show in January, the impressive Toyota FT-1 Concept was revealed, with the general concensus being that it pointed firmly at a future Toyota Supra. And that thought is reinforced with the arrival of a new FT-1 Concept, ahead of a debut at Pebble Beach – and a ‘virtual’ FT-1 Concept in the guise of the Toyota FT-1 Vision Gran Turismo Concept. The new FT-1 Concept comes complete with a new graphite paint job, but perhaps the more interesting aspect is that the interior now looks more upmarket and more appealing.

2012 SEAT Exeo get a tweak for Frankfurt

2012 SEAT Exeo gets the smallest of tweaks Our instinct is to call the changes to the 2012 SEAT Exeo – SEAT’s take on the Audi A4 – a 2012 facelift. But we decided there rally isn’t enough going on for that. Perhaps we should say the Exeo has had a facial peel or a bit of botox for 2012, as that seems a bit closer to the reality.