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Hummer sale agreed

GM has a Memorandum of Understanding in place to sell Hummer to a 'Mystery' buyer GM are reporting that they have reached a ‘Memorandum of Understanding’  with an unnamed buyer to take Hummer of their hands later in the year. MOUs are not the strongest tool in the arsenal when a sale is being arranged, which tends to indicate that either the buyer likes the idea but won’t commit yet, or they are still in ‘Fund-Raising’ mode. So who are the likely buyers?

Dedicated automotive design school to open in India

阅读本文中文版本请点击这里 The doors are about to open to a new automotive design school called DYP-DC Centre for Automotive Research and Studies (though colloquially known as DYP-DC College). Based in Pune, Maharashtra, India, the college will focus on automotive design, and in time, incorporate automotive engineering and management into a slightly wider curriculum. Notably, students will have the opportunity to build a full scale, working, drivable prototype as part of their final year projects in both the undergraduate and postgraduate degree programs.

Parking fines hit £30 per month

BRITISH motorists pay more than £30 million each month in parking fines, figures suggest. More tickets are being issued this year by councils than last year and there has been a 13% rise in fines issued on a Sunday, according to data obtained by LV=. The car insurer calculated councils have handed out more than 890,000 parking fines per month in 2013 - a 4% increase on 2012 figures - and, based on an average amount of £42 per ticket and excluding any successful appeals, drivers are now paying in excess of £30 million each month.