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Chris Bangle Associates announces 'Illustrate the Future' design competition

Chris Bangle Associates has announced a new design contest called 'Illustrate the Future.' The competition is open to all design students across all design disciplines and coincides with the launch of Managing Director, Chris Bangle's new book. "I have written a fiction book about Car Design and the prologue takes place 25 years in the future," says Bangle. "It contains some concepts I have been working on, and this contest is to see what YOU would make of them." Bangle's novel explores the state of affairs in the car design field and also expresses his concerns about the culture future generations of designers will inherit.

Luxury car price crash in China

Mercedes in China offering 25 per cent discounts on S Class Mercedes, BMW and Audi are having to offer discounts of up to 25 per cent on luxury cars in China to shift stock. The huge Chinese car market has been seen as a sales salvation for Western car makers; the automotive equivalent of shooting fish in a barrel. But it looks like that’s all changing, particularly at the luxury end of the market.

GM posts $7.6 billion profit for 2011

General Motors on Thursday posted a $7.6 billion profit for 2011, while recording its smallest quarterly profit of the year in the fourth quarter. Net income for the October-through-December period fell 7 percent from the year-earlier period to $472 million, as a $562 million loss in Europe--the steepest of the year there--weighed on the automaker's bottom line. North American earnings nearly doubled.