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Opel hires 2011 CDN-Opel/Vauxhall Interactive Design Competition winner

Opel has taken on the winner of last year's Car Design News – Opel/Vauxhall Interactive Design Competition, Victor Uribe, to work as the latest addition to its creative design team. Uribe, a Transportation Design graduate from Istituto Europeo Di Design in Turin, Italy, emerged as the winner in the exterior design category for his submission, ‘Lounge in Motion', and won himself a six-month internship at the Opel/Vauxhall's European Design Studio in Rüsselsheim, Germany. "I met fantastic people who taught me a lot and helped me to refine my design skills.

Chrysler posts $239 million operating profit, raises forecast

Chrysler Group posted an operating profit of $239 million in the third quarter and raised its outlook for the balance of the year in anticipation of stronger sales and improved operating performance. The results, released Monday, marked the automaker's third straight operating profit. Chrysler's third-quarter net loss was $84 million, down from $172 million in the second quarter.

Tesla rolls out Model S hatchback, plans late 2011 start

Amidst thumping techno and inside his own rocket factory, Tesla founder and CEO Elon Musk pulled the cover off his much-anticipated second car onThursday. The Model S five-door hatchback will go into production in late 2011 at a rate of 20,000 per year. Prices will start at $49,900 for the base model, a price that assumes the $7,500 current Federal tax credit available.