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Penske calls off Saturn deal, brand will close
Wed, 30 Sep 2009IndyCar team owner and dealer magnate Roger Penske will not buy Saturn and the brand will be shuttered, General Motors said Wednesday. GM said Penske called off discussions after failing to line up more future products. Penske had been in talks with Renault for vehicles.
Hyundai loses top U.S. designer
Fri, 09 Jan 2009Hyundai's North American design chief, Joel Piaskowski, left the automaker on Dec. 31. Piaskowski is credited as the main designer for the Hyundai Genesis sedan and coupe.
BMW ‘i' subbrand aims for 2013 launch
Mon, 21 Feb 2011BMW has confirmed that the new subbrand through which it intends to market a range of advanced stand-alone hybrid, range-extended and plug-in electric models will be called BMW “i.” Created to develop, produce and market what BMW's head of marketing, Ian Robertson, describes as “innovative solutions to premium mobility,” the brand will be supported by a company established by BMW called i Ventures, through which the German carmaker plans to grow its range of mobility services. The i3 and the i8 will be the initial models and are planned for introduction in 2013. “These cars have been designed specifically for their respective alternative drive systems,” said Klaus Draeger, head of BMW's R&D operations.