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Lincoln opens first dedicated design studio for 40 years
Fri, 19 Oct 2012Ford has opened the first dedicated Lincoln design center for 40 years in Dearborn, Michigan, as part of its ongoing brand reinvention. Last August Ford announced it would be creating the studio for its luxury brand as well as increasing spending, giving it unique interiors and powertrains in an effort to differentiate it from the core Ford offerings. The Lincoln Design Studio has been built on the campus of Ford's Product Development center and houses designers, sculptors, modelers and engineers who make up part of a larger Lincoln Product Development team that will create four new Lincoln vehicles by 2015.
Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.
Volvo’s self-parking car will park your Volvo for you
Thu, 20 Jun 2013Volvo’s self-parking car will do parking for you It’s rapidly getting to the point where drivers will need to do little more than be in the car to ‘drive’ it, with technology taking away control of tasks like parking. But a new technology from Volvo means you don’t even need to be in the car to park it. Volvo has been working on an autonomous parking that uses Vehicle 2 Infrastructure technology – which is basically sensors built in to the road – where the sensors guide the car to a vacant space.