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Who’s Where: Andreas Deufel, Design Director, Great Wall Motors

Since the start of the year, Andreas Deufel has officially been Director of Design at Great Wall Motors (GWM) in China. In his role, he is responsible for GWM's three design studios, all in Bao Ding, yet he still maintains his position as Design Director at TJ Innova Auto and Design & Engineering (TJI), where he is also responsible for three studios. Deufel's appointment to the position as Design Director at GWM was anything but conventional.

Chrysler posts $370 million net loss on costs tied to repaid loans

Chrysler Group LLC, after recording its first post-bankruptcy profit three months ago, posted a net loss of $370 million in the second quarter due to costs tied to the repayment of government bailout loans. Chrysler incurred a charge of $551 million in paying back the U.S. Department of Treasury and the Canadian loans that kept the automaker afloat in 2009.

Money Advice Service’s Online Tool Helps Buyers Choose Wisely

NEW researched published by the Government-backed Money Advice Service (MAS) has found more than half of people who purchased a used car underestimated the running costs. Some 56% of motorists said that total cost, including maintenance, repairs, insurance and fuel had turned out to be higher than anticipated, while one in five (20%) have resorted to going into debt just to keep their vehicle on the road. One in four (26%) of the 3,000 people surveyed who have bought a second-hand car since 2012 now has regrets about their purchase, with many of them saying they had not worked out whether it was really affordable or that the purchase price was too much in the first place.