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Ex-Morgan Chief Designer forms Matthew Humphries Design

The former chief designer at Morgan, has formed his own design consultancy, Matthew Humphries Design, in a bid to branch out into the worlds of bespoke cars and product design. Humphries will continue his relationship with Morgan in a partnership that will see the newly formed company help to develop future models for the independent British sports car manufacturer. The 28-year-old Coventry University graduate believes he can begin moving into the growing market for integrating automotive design elements into product design – such as furniture – and particularly British-themed products.

Fiat's Montezemolo plans to quit as chairman, sources say

Fiat S.p.A. Chairman Luca Cordero di Montezemolo will quit as company chairman to go into politics, three sources close to the company said. Montezemolo is set to stay on Fiat group's board, as well as remain chairman of the company's Ferrari sports car subsidiary.

Two new Hyundai transmissions boost mpg

Hyundai will introduce dual-clutch and continuously variable transmissions to models for the United States as early as next year as it seeks to become a leader in fuel efficiency, a top executive says. This will be the first application of a dual-clutch transmission for Hyundai. The transmission--which uses two clutches to shift a manual gearbox as if it were an automatic--is more efficient than either a traditional manual or automatic gearbox.