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Chrysler repays $7.6 billion in outstanding U.S., Canadian loans
Tue, 24 May 2011Chrysler on Tuesday repaid $7.6 billion in loans to the U.S. and Canadian governments, nearly two years after the No. 3 automaker was rescued.
GM Korea doubles size of its design center
Wed, 30 Apr 2014GM has invested $40million in its Korea Design Center, doubling the size of the facility. The expanded studio opened on 25 April, and will give improved support for both exterior and interior design. As well as more studio space, the upgraded facility now includes improved exterior modeling and 3D printing facilities, an outdoor viewing area with three turntables, and a virtual reality studio – the latter allowing design reviews to take place in real time with GM's network of nine other design centers in six other countries around the world.
Bentley's new boss confirms SUV back to drawing board
Thu, 27 Sep 2012Bentley's new chairman and CEO, Dr Wolfgang Schreiber, confirmed today that the EXP 9F - the controversial SUV shown at the 2012 Geneva motor show - would be heavily redesigned before going on sale. CAR greeted the EXP 9F with the headline 'I'm a Bentley designer, get me out of here' in our Geneva show issue. Ironically, head of design Dirk van Braeckel, has subsequently moved to a different department within the VW Group.