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Who's Where: Chris Chapman appointed as Hyundai Chief Designer
Fri, 23 Dec 2011Former BMW designer Chris Chapman has been appointed as Hyundai's Chief Designer, based at its design center in Irvine, California. He will be responsible for both advanced and production design for the Korean brand and replaces Phil Zak, who left the company early in 2011 to return to GM. He will report to SukGeun Oh, Head of Design, Senior Executive Vice President Hyundai Design Center.
Maserati GranCabrio Sport arrives
Wed, 27 Jul 2011Maserati GranCabrio Sport arrives in the UK Actually, the Maserati GranCabrio Sport arrived a few months back at the Geneva Motor Show, but it’s now washed up on our shores – just too late to enjoy the miserable summer with the rest of us by the time the first UK customer cars actually arrive in October. The main news, apart from the GranCabrio actually being for sale in the UK, is that the price is perhaps not quite as high as we’d expected. When Maserati revealed the GranCabrio Sport at Geneva we did speculate it would end up being north of £100k.
Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED
Mon, 31 Oct 2011Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.