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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.

Who's Where: James Hope appointed Director of Design at Chery Motors

James Hope has been appointed Corporate Director of Design at Chery Motors, the Chinese state-owned carmaker. He joins Chery from General Motors, where he held the position of Assistant Chief Designer since February 2008. Hope took up his new position on 16 January, based in Chery's Shanghai satellite studio from where he will report directly to Chen Anning, Chery's Head of Product Development.

Jaguar X-Type: 18,000 X-Types recalled in the UK

Jaguar X-Type Recall - almost 18k affected over possible cruise control malfunction The Jaguar X-Type, ‘Ford’ Jaguar’s stab at mopping up sales from BMW’s 3 Series and Mercedes’ C Class, is back in the headlines, with Jaguar issuing a recall for 18,000 X-Types in the UK – around 5 per cent of the total X-Type production. The cars affected are diesel-engined X-Type models made between 2006 and the end of X-Type production in late 2009, and the recall concerns the cruise control, which may not respond under certain circumstances. To be fair to Jaguar, the issue with the cruise control failing to respond has not come to light through any complaints from owners, but from an employee of Jaguar.