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*CORRECTION* Thomas Ingenlath appointed Vice President of Design for Volvo

Yesterday Car Design News reported that Thomas Ingenlath has been appointed Vice President of Design for Volvo, stating that he will report to Peter Horbury, who is now Senior Vice President Design, Geely Group. This information is innacurate as Ingenlath will in fact report directly to Volvo Car Company President & CEO, Stefan Jacoby. We apologize for any confusion caused by our error.

UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.