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New car sales soar to 10-year high

NEW CAR sales soared in March, with the new 14 number plate helping registrations reach their highest monthly total for 10 years. A total of 464,824 new cars were registered last month - a rise of 17.7% on the March 2013 figure and the best since 466,954 were registered in March 2004, the Society of Motor Manufacturers and Traders (SMMT) said. The March 2014 and March 2004 figures represent the best two months for new sales since 1999 when the motor industry abandoned the August once-a-year number plate change in favour of twice-a-year changes in March and September.

Understanding design for China

With the entire automotive world focusing on China at present, Hong Kong Polytechnic University School of Design (SD) has announced the creation of a new graduate program following that trend. The MDes Design Practices scheme will focus upon transportation design issues in China, as well as the growing economies of Asia. The ten month program aims to familiarize students with the emerging trends and issues that are directly impacting and influencing transport in the Peoples Republic.

GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.