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Kia Motors appoints Peter Schreyer as President

Kia Motors has appointed the man who changed their design – former VW man Perter Schreyer – as President. When Peter Schreyer left VW in 2006 after a sparkling career that saw him establish the Audi design philosophy – still a hallmark of Audi design – to head up design at stodgy Kia, many in the industry thought it an odd move. But Peter Schreyer seemed keen to prove his worth after VW had passed him over to head up their new design studio, and Kia offered the prospect of turning a budget brand in to a mainstream force with cutting edge designs and, it would seem, a pretty free hand to do what it would take.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

Mercedes SLK facelift (2007): first official pictures

By Tim Pollard First Official Pictures 21 December 2007 00:01 Mercedes has given its SLK a spruce-up just in time for Christmas. Blink and you most certainly will miss it – but the company claims there are 650 modified parts on its renowned roadster, which gets freshened looks inside and out, and fettled engines to take it into 2008. Anoraks will spot the facelifted two-seater by its reshaped bumper and front air dam, and the large three-pointed star is given more prominence on the SLK’s snout.