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The fall and rise of the budget car

Twenty years ago, the classic bargain brands like Lada seemed to be going the same way as the Soviet empire that spawned them. Woefully dated and badly made, only a weirdo would have bought a new Lada rather than a second-hand model from Ford, Vauxhall or VW. However, one of the big trends in the car industry today is the re-emergence of bargain cars.

Laurenz Schaffer Appointed President of BMW Group’s DesignworksUSA

There's a game of musical chairs being played at DesignworksUSA, the BMW Group's design consultancy subsidiary. Starting December 1 this year, two key executives will be taking on new roles within the design consultancy, while the company's current President will be moving on to a new position within BMW Group Design. The first appointment is that of Laurenz Schaffer, currently Director of the Munich studio of BMW Group DesignworksUSA.

Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?