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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.

Drink Driving rules get tougher

There’s been talk for some time that the government are planning to reduce the current drink driving limit, but, sensibly, it seems they’ve decided, at least for now, that there’s little to be gained by shooting drivers for having a rum baba for desert. Instead, the rules are to be toughened up to make persistent drink drivers jump through more hoops before they can get their licence back. No longer will it be enough to simply get to the end of their ban, they’ll have to prove they are no longer reliant on alcohol and pass a medical.

2012 Subaru Impreza revealed

The 2012 Subaru Impreza. Not exactly the Impreza Concept You wait ages for Scooby story to come along, and then two turn up at once. Yesterday we had the news that the Subaru WRX STI is getting a power upgrade for free until the end of June in an attempt to shift more metal, and now Subaru give us a single image of the 2012 Subaru Impreza which will be revealed at the New York Motor Show this month.