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Interior Motives China Conference Day 2
Thu, 26 Apr 2012After a first day packed with fascinating discussions and opportunities for networking, delegates from around the world reconvened in anticipation of another day of presentations from some of the industry's biggest names. Session 5: Deep Dive Luxury The second day of the Interior Motives China conference began with a session on 'Deep dive luxury', chaired by Emma Booty of Conran. Shu Bei of 3M kicked off the first session by identifying the Chinese obsession with brands.
Porsche to take majority stake in VW for £7bn
Fri, 07 Mar 2008By Ben Whitworth Motor Industry 07 March 2008 11:26 Porsche is about to become the majority shareholder in Volkswagen. The sportscar maker has been given the green light to purchase further stock in VW, taking its share past the 50 percent mark to give it a controlling interest. As soon as various legal checks have been cleared, Porsche plans to purchase a further 20 percent of VW stock – it already owns 31 percent - at an estimated cost of around £7 billion.
Production of U.S.-spec Lotus Exige and Elise to end in August
Thu, 09 Jun 2011The end is near for production of U.S.-specification versions of the Lotus Elise and Exige sports cars. Lotus said on Thursday that it will pull the models from the United States because the airbags no longer meet safety standards. Rules require cars to have smart airbags, which adjust deployment for the speed of impact.