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Spyker CFO is set to step down in July as Saab raises more cash

As Saab Automobile struggles to get back on its feet, Spyker Cars NV announced Wednesday that its chief financial officer plans to resign. Hans Go will step down as statutory director of Spyker effective July 1, Spyker said in a statement today. Saab production restarted last Friday after it received financial assistance from its new China partner, Pang Da.

Video: Lexus' Calty design team on their LF-LC concept

Lexus has released an official video of its Lexus LF-LC concept, winner of the ‘Best Concept Car' at the 2012 EyesOn Design Awards. The video features comments from the design team at the company's Calty studio in Newport Beach, California, including Project Chief Designer William Chergosky, Senior Creative Designers Edward Lee and Ben Chang, Studio Manager Ian Cartabiano as well as President Kevin Hunter. The LF-LC hybrid sports coupe is the result of a brief to the Calty team to design a future hybrid sports coupe concept.

Lincoln opens first dedicated design studio for 40 years

Ford has opened the first dedicated Lincoln design center for 40 years in Dearborn, Michigan, as part of its ongoing brand reinvention. Last August Ford announced it would be creating the studio for its luxury brand as well as increasing spending, giving it unique interiors and powertrains in an effort to differentiate it from the core Ford offerings. The Lincoln Design Studio has been built on the campus of Ford's Product Development center and houses designers, sculptors, modelers and engineers who make up part of a larger Lincoln Product Development team that will create four new Lincoln vehicles by 2015.