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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.

Ferrari's 599 roadster (2010): first details

Ferrari’s next new model will be a 599 roadster, Ferrari chairman Luca de Montezemolo told journalists in London last night.  ‘A lot of our clients are saying they want an open, 12-cylinder car with very sporty performance. At Pebble Beach, we will present this car,’ said de Montezemolo. Yes.

8th L'Argus Design Competition announced

From 1 June 2009, design students will be invited to take part in the eighth annual L'Argus European Design Competition, which this year takes as its theme 'Less is More: Traveling in the Era of Simplicity'. Questioning students on the concepts of mobility and the future of automobile design, this contest - organized by French magazine L'Argus de L'Automobile - will run until 11 December 2009 and culminate in an awards ceremony on 20 January 2010. The competition is open to students attending design colleges within the European Union and Switzerland, including non-automotive courses covering disciplines such as industrial design, fine arts and architecture.