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Callum: JLR needs design studios in China and US

Jaguar and Land Rover are to open design studios in China and the United States as the two British brands look to better understand local tastes, according to Ian Callum, Jaguar Design Director in an interview with Automotive News Europe. The United States is currently the carmaker's second-biggest market after the UK, closely followed by China in third. To further tap into these markets is key for the long-term success of JLR and so it is following its competitors in opening up foreign design studios.

London F1 Grand Prix plans completely serious, says Ecclestone

F1 boss Bernie Ecclestone says the recent publicity stunt by Santander for a London F1 Grand Prix are in fact a serious proposal. We recently saw plans for an F1 Grand Prix in London surface as something of a publicity stunt for Santander, with an impressive video (below) featuring McLaren’s Lewis Hamilton and Jenson button. The start of the London F1 Grand Prix is envisaged at Buckingham Palace and takes in the Mall, The Embankment, Trafalgar Square, Piccadilly Circus and a host of London’s iconic landmarks in a Grand Prix at night expected to attract hundreds of thousands of visitors.

Nissan raises Leaf prices, adds retail markets

Nissan North America said Tuesday that it will add $2,420 to the price of the base model of its hard-to-get, slow-to-build electric Leaf sedan. Compared to 2011 model year's $33,630 base price, including delivery, the 2012 model will begin at $36,050. The car's upper-grade SL model will sell for $38,100, an increase of $3,530 over 2011.