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Fiat to spend big, dump the Punto & revive flagging fortunes by going upmarket
Tue, 10 Dec 2013Fiat Punto to be axed as Fiat moves upmarket Fiat are having a very rocky ride as the Italian economy lurchges from one crisis to another. But Sergio Marchionne has a plan to put Fiat back on track. Spending of €9 billion over the next three years is planned to revive production in Italy, rationalise the Fiat range and continue to push upmarket with Maserati and Alfa Romeo.
Tesla opens its patents for everyone to share EV knowledge
Fri, 13 Jun 2014By Michael Karkafiris Motor Industry 13 June 2014 10:43 Elon Musk, CEO of Tesla Motors and one of the most talked-about personalities in the automotive industry, announced today that his company has opened all of its patents to make way for the competition to catch up and promote electric mobility for a wider audience. Open-sourcing your patents is a rather unusual strategy in the automotive world but Musk says that ‘Tesla Motors was created to accelerate the advent of sustainable transport. If we clear a path to the creation of compelling electric vehicles, but then lay intellectual property landmines behind us to inhibit others, we are acting in a manner contrary to that goal.
Citroen Launches DS3 Design Competition
Mon, 24 May 2010Citroën's recently launched DS3 is already infinitely customizable, offering a multitude of options to enable buyers to personalize their vehicles. Now the French automaker is inviting creative visionaries to customize the roof and dashboard of the new car in an international design competition. Appropriately called the DS3 Design Competition, the contest is open to both budding and experienced designers – anyone wanting to offer their own unique interpretation of the DS3's roof and dashboard.