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Who's Where: Gorden Wagener to head Mercedes Advanced Design NA

German designer Gorden Wagener, 37, has been appointed President of Mercedes-Benz Advanced Design of North America. Beginning his new position on January 1. 2006, Wagener now focuses on products specifically for North America, including production and show cars as well as advanced projects.

Will the California damage Ferrari?

[ad#ad-1] Ferrari has had a wonderful 10 years. Riding the back of a benign world economy, it has doubled the number of cars it sells to over 6,000 a year, and sales have risen to over €1.6 billion. The biggest success by far has been the 360/430, which easily accounts for the lion’s share of the sales.

Crunch watch Dec 08: the auto industry in crisis

By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.