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Volvo XC Coupe concept (2014) first official pictures

By Ollie Kew First Official Pictures 08 January 2014 09:00 This is the Volvo XC Coupe concept, revealed in full after teaser sketches were shown late last year. It’s 'the next chapter in the Volvo design story', according to the Swedish automaker and it's new design boss, Thomas Ingenlath. The rakish SUV will take centre stage for Volvo at the Detroit motor show later in January 2014.

Four car design schools to compete in Ferrari design contest

 Ferrari, in collaboration with Pininfarina, has laid down a global challenge for students of car design. The project, called 'Ferrari: new concepts for the myth', will see students from four of the world's best automotive design schools compete to create new concepts for future Ferraris. The four schools are: Art Center College of Design in Pasadena, Tokyo Communication Arts, Coventry University School of Art and Design, and the European Institute of Design in Turin.

GM officially bankrupt

GM 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).