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Giles Taylor appointed Head of Exterior Design at Rolls-Royce

Rolls-Royce will be welcoming Giles taylor as its a new Head of Exterior Design in April this year. Taylor, who has spent the last 10 years in British automotive design roles and headed up the design team who created the XK and XJ model series under the direction of Ian Callum at Jaguar, will fill the vacant position in the Rolls-Royce design team. He will be based in West Sussex, UK, and report to Rolls‑Royce's Chief Designer, Ian Cameron.

Aston Martin sells 38% stake to Italians to raise cash

Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.

Ford offers $1 million in automotive design scholarships

After the passing of William Clay Ford Sr., Ford has announced that they will honor his memory and his contribution to the automobile with the creation of scholarships for automotive design students. William Clay Ford Sr., the last grandson of Henry Ford, died last week at the age of 88. Ford worked at the company that bears his name for 57 years, serving as chairman of the design committee for 32 of those years.