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Chrysler to close Pacifica Advanced Design Studios

The 20 designers at Chrysler's Pacifica Advanced Design Studios in Carlsbad, California will soon be finding themselves out of a job. The struggling North American automaker announced the closure of the facility on Friday, stating that the company is ‘leveraging resources worldwide, forming new joint ventures and alliances and consolidating operations in order to better achieve global balance.' Responsible for many of the more successful designs hailing from Chrysler in recent times, including the Chrysler 300 sedan and the new Dodge Challenger musclecar, the Pacifica Advanced Product Design Center also yielded the Nassau concept car and the Pacifica crossover – bearing the same name as the west coast studios in which it was created. The work done at the Pacifica Advanced Design Center will be consolidated into the Advance Design function in Auburn Hills and continue to be led by Senior Vice President of Design, Trevor Creed.

Barcelona’s Ferrari Land to open in 2016

Ferrari and PortAventura Entertainment -- a subsidiary of industrial solutions and capital company Investindustrial -- have inked a deal to build a new Ferrari Land amusement park inside the PortAventura resort near Barcelona, Spain. The theme park will cover 807,000 square feet, including attractions like Europe’s highest and fastest roller coaster, five-star accommodations, 250 hotel rooms and a driving simulator. The project involves an investment of 100 million euro ($139 million).

2014 fuel duty rise cancelled

Chancellor George Osborne has confirmed in his Autumn Statement that the proposed 2014 fuel duty increase has been cancelled. This means the scheduled 2p increase in tax on every litre of petrol will now no longer happen. On Bing: see pictures of petrol prices Tax disc to be scrapped after 93 years This fuel duty increase was due to come into effect on 1 September 2014, but thanks to savings elsewhere in public finances the government has called it off.