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College Exhibition: Umea Institute of Design Degree Show 2004

Students at Sweden's Ume? University Institute of Design presented their work in the annual Degree Show in June, which included work from the Masters programmes in Transportation Design, Advanced Product Design, and Interaction Design along with the final thesis projects from the Bachelor level graduates. Go to Photo Gallery250 photos The degree students from the three year bachelor programme showed their 10 week final degree projects in Industrial Design, and the two year Masters Programmes presented their 20 week final degree works.

Saab: China’s Pang Da & Youngman to invest $7.5 billion. UPDATED

Saab: China to invest $7.5 billion Update: We have now been told by Saab that Pang Da and Youngman are to provide €50 million immediately and €600 million for short to medium finance. Funding for the revised business plan and provide long-term financial stability the new Chinese owners have also budgeted funding for the planned expansion of Saab Automobile’s portfolio and additional operations to be set up in China There will be a reduction of 500 in the employee numbers. Sales targets for 2012 of 35-55,000 cars and 2013 of 75-85,00 and long-term of 200,000 cars a year Interestingly, Saab says that ‘Saab Automobile has not received the funds from Pang Da and Youngman that have been committed for today.’ Oh, well. Although the deal which will see Saab sold to China’s Youngman and Pang Da is still subject to a raft of approvals – Swedish Debt Office, EIB, GM, Chinese Government… – it seems the Chinese have big plans to invest up to $7.5 billion in Saab in the coming years.

TFL to get more poweres over roads

GREATER POWERS will be given to Transport for London to enforce road alterations after legislation finally cleared parliament. TfL and London borough councils will also be able to ensure builders' skips are properly lit and make developers pay for any damage they cause to roads or footpaths. But the changes, contained in the London Local Authorities and Transport for London (No.2) Bill, have taken exactly six years to pass through parliament.