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Mazda SkyActiv technology goes on offer to raise funds

Mazda is looking to license their SkyActiv Technology to raise capital (CX-5 with SkyActiv pictured) Mazda are predicting losses for the current financial year of £750 million and are looking to sell their SkyActiv technology to raise cash. Mazda isn’t having the best of times at the moment, despite an impressive range of cars that are getting more interesting with Mazda’s SkyActiv technology, and are predicting that they will post a loss of around £750 million for the current financial year. There are a variety of reasons for Mazda’s financial predicament – including the strength of the Yen and the production problems after the Japanese Tsunami – but this is the fourth year in a row Mazda has posted losses.

GM says natural-gas Chevrolet Impala on the way

General Motors said it will sell a version of the Chevrolet Impala sedan with the ability to switch between gasoline and natural gas, part of the automaker's plan for taking advantage of a U.S. drilling boom that has made natural gas a more viable fuel for cars. The dual-fuel Impala, to be announced today by CEO Dan Akerson at a conference here, will have one engine and two fuel tanks -- one for gasoline and one for compressed natural gas.

BMW SUCCESS AT BCA SALE

A WIDE selection of used BMW vehicles fetched a total of £9.2 million at a special sale held by BCA in December. 325 vehicles were sold at the Virtual Auction held at Park Plaza Riverbank, with an average selling price of £29,700. Interest was fuelled by a number of vehicles making their used market debuts, including the Mini Cooper D Countryman, new 520d, 525d and 530d 5 Series models and the X5 X-Drive 4.0d M Sport.