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Mitsubishi closes California design studio

Mitsubishi Motors Corp. closed its design studio in Cypress, CA last Thursday – just one month shy of its 25th anniversary. A result of the recent downturn in the global economy, the closure of the facility will eliminate 33 design positions as part of a personnel cull that has seen 60 people within the automaker's US operations lose their jobs.

Fiat will buy the rest of Chrysler for $4.35 billion

Fiat has announced that it will purchase the rest of Chrysler in a deal totaling $4.35 billion. Currently, the outstanding 41.6 percent stake in the company is owned by the UAW's voluntary employee beneficiary association, or VEBA, trust. Under the terms of the deal, Fiat won't shell out all $4.35 billion.

Nissan's Design Future

Recently Nakamura briefed the world's press at a product seminar and displayed some teaser images of the new Infiniti concept. The design is a coupe with classical sporty proportions featuring a cabin set back over the rear-axle and a long, sporty hood. Nakamura says the concept will not directly represent a future production model, but give the flavor of the new design theme.