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Bertone looking for buyers as bankruptcy nears
Wed, 26 Mar 2014Italian design house Bertone has confirmed it entered bankruptcy proceedings in Italy, The Telegraph reports, amid recent reports that it laid off a significant percentage of its workforce. A spokesperson for the struggling company told The Telegraph that the company is searching for a buyer. "The problem is many debts and very high costs.
UPDATED: Aston Martin sold
Mon, 12 Mar 2007By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m. The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.
Chris Bangle Associates announces 'Illustrate the Future' design competition
Mon, 16 Jan 2012Chris Bangle Associates has announced a new design contest called 'Illustrate the Future.' The competition is open to all design students across all design disciplines and coincides with the launch of Managing Director, Chris Bangle's new book. "I have written a fiction book about Car Design and the prologue takes place 25 years in the future," says Bangle. "It contains some concepts I have been working on, and this contest is to see what YOU would make of them." Bangle's novel explores the state of affairs in the car design field and also expresses his concerns about the culture future generations of designers will inherit.