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VW’s big jump in profits shows the cost for ‘Premium’ badges

Volkswagen’s profits jumped by £5.7 billion to £25.5 billion with sales numbers up by one million. But the big profits come from ‘Premium’ badges. What’s in a name?

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.

Bank holiday travellers face delays

DRIVERS will face congested roads as millions move off on a bank holiday weekend promising to be a mixture of sunshine and showers. The Highways Agency has completed a number of roadworks and suspended others over the holiday, but works remain on some key routes. The AA and traffic information company Trafficmaster have predicted that as many as 17 million cars could take to the roads over the weekend, with numbers swelled by a series of sporting events, music festivals and air shows.