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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.
MG Design Centre opens in UK
Thu, 17 Jun 2010The opening of MG's new design center this week at the historic production site of Longbridge, Birmingham, England was both an incredible and credible occasion. Incredible, because the brand looked dead in the water after the debacle of MG Rover's collapse in 2005 and even after various Chinese takeovers, its UK operation seemed destined to play no more than a tokenistic bit part. And thankfully credible too, because now all of MG's global design will genuinely be led from this new facility in the epicentre of England's traditional motoring heartland.
The Racing Reverend takes to the track in historic Jaguar
Fri, 27 Apr 2012We're used to seeing a little fire and brimstone at the various NASCAR races across the country. That traveling circus is most at home when it swings through the heart of the Bible Belt. But when the English drivers of historic race cars start Tebowing at the finish line, it must be a sign.