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First Fiat 500s will have stick shifts
Mon, 17 Jan 2011The 2012 Fiat 500 , heading to U.S. dealerships later than first expected, is enduring another hiccup: The first units arriving in dealerships in late February will have manual transmissions, the company said. Moreover, only about 20 percent of the 130 Fiat dealerships will be open when those first cars arrive, said Laura Soave, head of the Fiat brand in North America, at the Detroit auto show last week.
Join CDN live from the RCA on 24 June 2010
Mon, 21 Jun 2010Car Design News will be reporting live – via Twitter – from the Vehicle Design MA Degree Show 2010 at the Royal College of Art (RCA) in London on the afternoon of Thursday, 24 June (after 13:00 GMT). The CDN team will be attending the show and interviewing the RCA's student designers, researchers, tutors, alumni, automotive experts and other professionals in attendance from the design community. We'll be posting all our news, photos, video clips and interviews to CDN's Twitter site so CDN's audience can get a real insight into innovative, future transport solutions from some of the world's most talented vehicle design students. At 16:00 GMT, the day culminates with a CDN exclusive online opportunity to "remotely attend" this year's Pilkington Vehicle Design Awards direct from the RCA via webinar.
U.S. equity firm to invest $70 million in Saab
Thu, 20 Oct 2011Race-car fan and private-equity executive Alex Mascioli is pumping $70 million into Saab as the Swedish automaker works to stay afloat. Mascioli's firm, North Street Capitol, is buying $10 million in shares of Swedish Automobile, which owns Saab, and is also giving the company a $60 million loan to pay for the carmaker's reorganization. U.S.-based North Street Capital struck a deal in September to buy the Spyker sports-car business from Swedish Automobile for $44 million.