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Umeå Institute of Design Degree Show 2008

Masters students at Sweden's Umeå University Institute of Design exhibited their final projects in the annual Degree Exhibition in early June. This year 38 students exhibited their work, including 7 from MA Transportation Design, 5 from MA Advanced Product Design, 6 from MA Interaction Design and a further 20 from the BA Industrial Design course. The MA Transportation Design programme is led by Tony Catignani, with Nick Coughlan as external tutor.

Saab says it will restart production after securing short-term loan

Saab aims to restart production within a week after its owner, Spyker Cars, secured a 30 million euro ($44.7 million) short-term loan to help ease its cash crunch. Spyker said it will borrow the money from Gemini Investment Fund in a convertible loan agreement with a 6-month maturity. The interest rate of the loan is 7 percent a year and the conversion price is 4.88 euros per share.

VW take control at Italdesign Giugiaro through Lamborghini.

Maserati Merak - by Giugiaro Perhaps it makes sense politically for an Italian company to takeover another, but the outcome is the same – VW has taken a majority stake in Italdesign Giugiaro – 90.1% – through its Italian subsidiary Lamborghini Holdings S.p.A. Just as we expected. And there’s a lot of sense in this move by VW – even if they are going back on their stated intent to end the acquisitions – as there’s a strong history with Giugiaro.