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Exclusive: Honda to Close European Design Studios

In a surprise announcement, Honda has decided to close design operations in Europe, based in Germany. The decision to shut down both the car design and motorcycle design studios of Honda R&D Europe (HRE-G) in Offenbach, near Frankfurt was taken at the end of September and came as a shock announcement to employees. It represents the latest casualty in cuts for the car design community.

Fuel prices 'rising again'

THE AUTUMN dip in petrol prices failed to stimulate sales and the cost of filling up is rising again, according to the AA. Drivers in small market and coastal towns are particularly suffering from high prices, with the dearest petrol found in East Anglia and Wales, the AA said. It added that between mid November and mid December, the average UK price of petrol rose from 130.44p a litre to 131.17p, while diesel increased from 137.78p to 138.61p.

GM tipped to buy Tesla in 2014 - report

Tesla Motors Tesla has made a real splash in the electric-car scene, so it should come as no surprise that its success is generating renewed interest in the fledgling start-up. New media reports in the US suggest that one of America's biggest car makers, General Motors, is considering buying Tesla in 2014. Veteran auto industry analyst Yra Harris, of Praxis Trading, told CNBC that GM may make a bid for Elon Musk's electric vehicle (EV) specialist in the coming months.