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Fire sale continues: Ford cuts stake in Mazda
Tue, 18 Nov 2008By 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.
Toyota cuts 2014 Prius Plug-in hybrid prices
Thu, 10 Oct 2013For the 2014 model year the Toyota Prius Plug-in hybrid will get a price cut, with the base Prius Plug-in model starting at $29,990, not including destination. The $2,010 drop in price comes without any changes to the vehicle, and Toyota was keen to point out that "This price repositioning on the base Prius Plug-in Hybrid is not accompanied by any reduction in vehicle content.” This drop in price can be viewed as part of Toyota's effort to keep sales volume of its popular plug-in hybrid model on target -- about the only place where the 2014 model Prius will look different will be the Japanese domestic market, where the Prius will get two-tone paint options, new wheels, and LED lighting. Likewise, the Prius Plug-in Advanced will also get a price cut for the 2014 model year, and will start at $34,905, not including destination.
BMW i8 Winter testing (video)
Sat, 11 Feb 2012The BMW i8 is caught on video cold weather testing We have video of the BMW i8 winter testing in deep snow, in what looks to be a a much closer to production i8. The BMW i8 has been floating around for nearly three years as BMW’s nod to an eco future for supercars. Starting with the Vision EfficientDynamics concept we saw back in 2009, BMW went on to reveal their ‘i’ Brand and reveal the BMW i8 last summer. With the i8 not likely to hit showrooms until late 2013 or early 2014, BMW are out doing what car makers do and testing their new cars in extreme weather, this time it’s cold weather testing and footage of the i8 frolicking with the snow ploughs.