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Smart's $99 loan deal has big balloon payment at end

Hoping to benefit from the federal cash-for-guzzlers program, Smart USA has set up a $99 monthly payment for buyers who use their $4,500 rebate. But there's a catch--and a hefty balloon payment disclosed only as a note to an asterisk in Smart's press information announcing the offer. The Smart financing is for $99 a month for 36 months, with a balloon payment of $6,667 due at the end.

Citroën to unveil flagship model in Beijing

Citroën has released two teaser images for a new luxury flagship model to be unveiled at the Beijing motor show next month, as part of its efforts to reposition the brand further upmarket with its DS model range. The car, which is to be the automaker's fourth and largest model in its DS range, appears to be a direct descendent of the Citroën Metropolis Concept, first seen at the Shanghai World Fair in 2010. Although it is unclear whether or not the model seen in the pictures will be the production version of the Metropolis, the two clearly share many design features.

Michelin Challenge Design announces 2008 jury

Michelin Challenge Design, known for enticing some of the world's most talented up and coming designers, has convened its 2008 panel of judges. The eight automotive design experts met July 16-17, 2007, at Art Center College of Design in Pasadena, California, to select the vehicle designs and concepts for special exhibition at the 2008 North American International Auto Show in Detroit next January. This year marks the seventh year for the international competition with a record 272 individual designers, teams, studios, and companies from over 50 countries submitting full-size vehicles, scale models and computer-generated renderings in support of the central theme, 'Safer.