India Vehicle Design Summit 2014 announced for April

The India Vehicle Design Summit 2014 will be the first in its history to focus exclusively on the ‘design and styling' of commercial and passenger vehicles. Taking place at The Corinthians Resort and Club in Pune from 24-25 April, the summit will feature speakers from brands including Jaguar, Ferrari and McLaren and industry experts from companies such as Volvo, GM and Tata as well as institutions such as the National Institute of Design in India and London's Royal College of Arts. Confirmed speakers include Volvo China's chief designer Gustavo Guerra, renowned designer Peter Stevens and Anil Saiini, director of design at GM India.

AC Ace (2006) first official pictures

By Richard Yarrow First Official Pictures 15 December 2006 09:30 Smart Roadster reborn as an AC It was only axed last year, but the Smart Roadster has sprung back to life as this – the all-new AC Ace. The band of British enthusiasts behind the project aim to start production of the rebodied sports car in mid-2007, with prices from £12,000 to £19,000. A deal to buy the rights and tooling jigs for the axed two-seater from parent company DaimlerChrysler is about to be signed, and there will also be a convertible version.

Senate releases $350 billion more in bailout money

The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.