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Hyundai rules out separate premium brand
Fri, 01 Apr 2011Hyundai Motor Co. has ruled out spinning off the Genesis or Equus nameplates to create an independent premium brand along the lines of Lexus or Infiniti, partly because of the enormous cost involved and possible image damage to sibling nameplates. "There are no plans for Hyundai to make a separate brand," Vice Chairman Shin Jong-Woon said in an interview Friday at the carmaker's headquarters in Seoul, South Korea.
General Motors fires back at Volkswagen
Thu, 14 Jul 2011General Motors issued a terse response this week to published comments by Volkswagen CEO Martin Winterkorn, who suggested to the German press that Opel could be sold to a Chinese competitor. Detroit-based GM called Winterkorn's comments “regrettable” and accused him of “fanning speculation.” Opel was nearly sold to Magna and Russian investors in the wake of GM's 2009 bankruptcy. But then-CEO Ed Whitacre and the corporate board reversed that decision, igniting controversy from German political and labor leaders who have long chafed under American oversight.
IED Creative Diary 2011
Tue, 29 Mar 2011The Istituto Europeo di Design (IED) will be offering a total of 36 scholarships to students hoping to enter the university this year. The schools' Design, Fashion, Visual Communication and Management departments will all offer places on selected courses. As part of this, the IED international network grant scholarship has launched the 'creative diary', a daily showcase that highlights the work of students who will all be competing to win one of the 36 international scholarships.