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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.

GM to build eight-speed transmission in Toledo

General Motors is directing $204 million of a $2 billion investment in its U.S. plants toward building an eight-speed automatic transmission in Toledo. Automakers are turning to transmissions with more gears to meet more stringent fuel-economy regulations.

Hyundai will take your car back if you lose your job – but only in the U.S

As car makers get more desperate to make sales, they are coming up with more and more to tempt the wary. Free financing, extended warranties and servicing and, in a couple of extreme examples, 2 for 1 offers. But Hyundai has come up with another offer to tempt the reluctant.