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San Marcos, Texas, US
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GM officially bankrupt
Mon, 01 Jun 2009GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).
Chris Bangle, Peter Stevens and Tom Matano speak out about Google's driverless car
Wed, 04 Jun 2014Google's driverless car technology took a major step on 27 May. The tech firm unveiled its self-designed autonomous car prototype, which will supplement the fleet of modified Toyota Prius and Lexus RX SUVs that have been used thus far. But what do some of the best-know car designers think of Google's foray into the automotive world?
Audi R8
Tue, 03 Oct 2006Audi has unveiled the new R8 supercar, closely based on the Le Mans concept that was shown three years ago in Frankfurt. The two-seat car uses a shortened version of the Lamborghini Gallardo platform, and is powered by a 4.2-liter V8 using FSI technology first introduced by the A2. Like the now-obsolete small car the R8 is also constructed of an aluminum space-frame, keeping weight down to 1360kg.