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News watch October 2011: today's auto industry news
Mon, 31 Oct 2011Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourMonday 31 October 2011• The two companies planning to buy Saab - China's Youngman and Pang Da - have agreed to pay a €50 million bridging loan, court documents show. And they are pledging €610m in long-term funding from 2012, according to ANE (Automotive News Europe) • Martin Winterkorn, the CEO of the Volkswagen group, says he is pleased with the performance of Seat and Skoda.
Cadillac Urban Luxury Concept (2010) first pictures
Wed, 17 Nov 2010Cadillac today introduced what it describes as an 'urban luxury concept' - aka a posh supermini to rival the Mini. The small Cadillac was one of the surprises at the 2010 Los Angeles auto show and our reporters on the ground are calling it one of the hits of the show. Clay Dean, director of GM North America, said the Cadillac Urban Luxury Concept stood comparison with Europe's finest city cars. At just under 4 metres long and 1.7 metres wide, he has a point.
Holt Ware becomes Design Director at GM-PATAC
Tue, 21 Sep 2010Holt Ware has been appointed to design director at GM's Pan Asia Technical Automotive Center (PATAC) joint venture in Shanghai, China. He replaces Friedhelm Engler who has since relocated to Germany to lead the Advanced Design Studio, a position vacated by Anthony Lo earlier this year. Ware's new role at GM-PATAC puts him in charge of designers and modelers working in China's leading automotive engineering and design facility.