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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.

Crazy Skoda concept set to wow crowds

TAKE ONE Skoda Citigo, chop its roof off, install some neon lighting under the chassis and you get the Skoda apprentices’ dream car, apparently. The CitiJet is the madcap brainchild of 16 budding Skoda designers, who were tasked with creating their ideal car out of an existing Skoda model. Effectively, a Citigo Sport has been turned into an open-top city slicker, but don’t ask how the roof closes because there isn’t one.

Lamborghini SUV confirmed

A senior source at Lamborghini's parent company Audi in Ingolstadt, Germany, has confirmed reports suggesting that the Italian supercar maker is close to revealing a dramatically styled and luxuriously equipped SUV/crossover concept that previews its long-touted third model. "I can't comment in detail but the speculation in the press is largely correct," an Audi manager revealed when questioned about reports outlining plans by Lamborghini to gauge public response to a successor to the famed LM002 with a new SUV concept. Set to get its first public airing at the Beijing motor show in late April, the new SUV/crossover will extend the current Lamborghini lineup, joining the successor to today's Gallardo and the recently introduced Aventador in what will at least be a three-strong model lineup from Sant'Agata from 2016 onward.