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Geely's new Shanghai design studio at the center of four-studio operation

Geely Group's new central Shanghai Design Center is the global hub of its four-studio design operations. The facility on Guozhan Road, Pudong New District was formerly the site of the Central American Union Pavilion during the 2010 Shanghai EXPO and was chosen for its potential for growth despite its downtown location. The 3,800 square meter studio will be home to around 110 staff – both local and international – over the coming months, as part of the company's ongoing recruitment drive as it strives to be seen as one of the leading Chinese players.

Volvo facelifts the C30 (2009): first photos

By Tim Pollard First Official Pictures 08 September 2009 10:42 The pace of previews for the 2009 Frankfurt motor show gathers pace. Today it’s the turn of Volvo to show off its new, gently facelifted-for-2009 C30. The Swedes are trying to ‘sport up’ the C30, so there’s fresh front and rear styling, in line with the revised C70 and taking its inspiration from the S60 concept car.

GM posts wider loss, burns through $5.2 billion in cash

General Motors, battered by a global economic collapse and buoyed by U.S. rescue loans, posted its sixth straight quarterly loss and burned through $5.2 billion in cash as revenue shrank by more than a third. The net loss of $9.6 billion in the fourth quarter compares with a loss of $1.5 billion a year earlier.