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Who's Where: Dave Rand resigns from Changan Automobile

Dave Rand, the former General Motors Design Chief, has resigned from the Chinese State-owned automaker after joining the company last October. Rand's resignation, which was made official last week, follows that of his senior at Changan, Ken Ma who stepped down as Vice President of Design earlier this year. It is not clear precisely why both men have decided to leave the Chinese carmaker, but several people familiar with the situation have said that both Rand and Ma's departures are connected with Changan Auto's recent financial difficulties.

Porsche 918 Spyder to get 4.6 litre V8

Porsche 918 Spyder to get 4.6 litre V8 The Porsche 918 Spyder is to get a 4.6 litre V8 and lose one of its electric motors when it launches after a Frankfurt 2013 debut. It’s almost two years since the Porsche 918 Spyder debuted at the Geneva Motor show as a potential 21st century eco-replacement for the Carrera GT. The amount of interest shown – and offers of deposits – persuaded Porsche to confirm the 918 Spyder for production last March, but it’s still more than eighteen months away from arriving on the road.

Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.