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Lowie Vermeersch resigns from Pininfarina

CDN has learned that Lowie Vermeersch has resigned from Pininfarina, where he was Design Director. According to our sources, the Belgian designer has left to pursue other as yet unnamed ventures in the design industry. Vermeersch has been at Pininfarina for the last 12 years, leading the design team that created the new Ferrari 458 as well as the Duettottanta and Sintesi concept cars.

Saab turns down takeover offer from Chinese investors

Swedish Automobile, owner of Saab, has turned down a takeover offer from China's Zhejiang Youngman Lotus Automobile Co. and Pang Da Automobile Trade Co. Youngman and Pa Dang signed a nonbinding memorandum in July to take a combined 53.9 percent stake in Swedish Automobile for about $338 million.

Exclusive: Laurens van den Acker to replace Patrick le Quément at Renault

The wheels of change are continuing to turn within the automotive design industry, with yet another new appointment being made at the director level. According to industry insiders, Laurens van den Acker is set become the new Design Director at Renault when Patrick le Quément retires later this year. One of the most pre-eminent car designers in the world, Patrick le Quément began his design career at Simca, worked at Ford for 17 years and did a brief stint at Volkswagen before taking the top design job at Renault.