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'Phoenix Four' MG Rover directors to be banned

The 'Phoenix Four': John Towers, Nick Stephenson, Peter Beale and John Edwards. All roundly criticised in today's government report By Tim Pollard Motor Industry 11 September 2009 09:14 The UK Government today said it plans to disqualify the executives who ran MG Rover in the run-up to its collapse in 2005. A report out today from the Department for Business, Innovations and Skills slams the 'Phoenix Four's involvement in the business and is highly critical of the way they withdrew £42 million in salaries and pensions despite the company's parlous financial position.

Money woes may keep Converj from market

General Motors' tight finances may hold the automaker back from building a production version of the Cadillac Converj concept car. GM revealed the coupe, which would use the same technology as the Chevrolet Volt plug-in hybrid, last week at the auto show here. GM designed the Converj so the production version--if it ever happens--will look "exactly like this," says Bob Lutz, GM's vice chairman of global product development.

Giugiaro honored in Korean ceremony

Giorgetto Giugiaro has received honors from the South Korean Government for his contribution to the nation's fledgling automotive industry.  In a ceremony in Seoul, Giugiaro received the prestigious 'Order of Merit' from the President of the Republic of Korea, Lee Myung-bak. The relationship between Italdesign Giugiaro and Korea stretches back to the 1970s, a period of significant growth for the Korean nation, stifled only by its lackluster automotive industry.  It fell to the Italian designer to invigorate an industry that survived on reassembling and rebranding foreign domestic models. Giugiaro's solution was the simple Hyundai Pony.