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Amazing barn-find auction totals £1m

THE LARGEST collection of ‘barn find’ cars ever assembled in one auction has raised more than £1 million. The auction, which included amazing and rare lots including Aston Martins and Jaguars, was the first of its kind and took place at Silverstone Auctions’ Practical Classics Restoration Show. More than 85% of the cars put up for sale have found new owners.

Infiniti’s new electric car (2012): all the latest news

Within the next two years Infiniti will launch an electric vehicle based on Nissan’s Leaf. But it won’t just be a Nissan with a new nose; instead the Infiniti version will, according to the company’s project design director Takashi Nakajima, be a ‘luxury EV’ with completely unique styling and a performance boost to boot. Infiniti’s EV won’t just be a re-badged Leaf with an Infiniti grille, though it will borrow heavily from Nissan’s electric car beneath the skin.

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.