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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.

Fiat plans new high-performance Abarth models

Abarth Abarth, the tuning company owned by Fiat, is looking to grow the number of models it offers including a hot version of the 500L supermini, MSN Cars can reveal. Speaking exclusively to MSN Cars, Marco Magnanini, the European boss of Abarth, hinted that other models from Fiat could be given the Abarth treatment. When quizzed about the possibility of an Abarth 500L, he said: “The 500 family will offer us options.

Portugal commits to the Electric Car

Renault Electric Car [ad#ad-1] Portugal has today committed to building 1,300 recharging stations around the country by 2011, in a deal agreed with Renault to supply Electric Cars (EV). This is a further indication of the global rush to go green, with ‘carbon’ taxes and ‘carbon’ incentives sprouting from the desks of politicians throughout the West. But how logical is this phenomenon, and is it a fools errand, based on dubious facts’?