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Mercedes-Benz inaugurates Advanced Design Studio in Beijing, China

Mercedes-Benz inaugurated its global Advanced Design Center in Beijing, China, yesterday, Thursday July 21. The Beijing design center, Daimler's fifth advanced design studio worldwide, further reinforces the growing importance of the Chinese auto market and Beijing in particular; the city is increasingly influencing changing needs and trends. The new 1,000 square meter Advanced Design Studio employs a total of around 20 designers who will contribute to the future design of Mercedes-Benz automobiles, competing and working with the company's other studios in Germany, Italy, Japan and the USA.

Volkswagen buys stake in Suzuki

Volkswagen will buy nearly 20 percent of Suzuki for $2.5 billion in a deal poised to continue VW's ambitious growth plans and bolster its global product offerings. The companies announced the agreement on Wednesday, and it could close in January. The deal allows VW to draw on Suzuki's small-car capabilities and strong position in India.

Ford Mustang 50 Year Limited Edition premieres at New York auto show

Ford launched the Mustang 50 years ago this week at the New York World's Fair. To celebrate the iconic pony car's birthday, Ford will be revealing a 2015 Mustang 50 Year Limited Edition, just 1,964 examples of which will be built. The limited edition model premieres at New York auto show this week, and will go on sale this fall.