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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.

Design Contest: Automotive design community gathers for annual design awards party in Paris

More than 300 senior members of the automotive design community will be attending the Interior Motives Design Awards 2004 ceremony to be held at Le Cab, Paris on 24 September, during the Paris Motor Show. Among the special guests will be the Interior Motives Design Awards 2004 judges:- Olivier Boulay, Mercedes-Benz Advanced Design Japan- Guy Burgoyne, Volvo Cars- Simon Cox, GM Advanced Design UK- Bill Fluharty, Johnson Controls, Inc- Ulrich Lammel, Volkswagen AG- Steve Lewis, SEAT Cars- Sarah Maynard, Aston Martin Lagonda- Justyn Norek, I.DE.A Institute- Roberto Piatti, Stile Bertone- Marek Reichman, Ford Motor Company- Rus Shafer, Intier Automotive- Andreas Wlasak, Faurecia The Interior Motives Design Awards 2004 received over 200 entries from more than 31 countries and 47 design colleges, further establishing itself as a global competition. Attendees will have the chance to meet finalists from the world's top transportation and industrial design courses, as well as the awards' judging panel.

British team aim for electric world record

A BRITISH team headed by Lord Drayson is seeking to set a new World Land Speed Record with its electric racing car. The Drayson B12 electric Le Mans racing car is heading to the Bonneville Salt Flats in Utah, USA in a bid to raise the current record for electric cars weighing less than 1000kg. Recently, the team set a new British record of 204.185mph with the same car.