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New car looms from McLaren F1-creator

By Phil McNamara Motor Industry 13 June 2007 10:18 Gordon Murray is set to finally realise his dream of creating a highly efficient, radical car for mass production. The mastermind behind the F1 supercar left McLaren Cars a couple of years ago, and has now secured the funding to set up on his own. Gordon Murray Design Limited – a design, prototyping and development company – will be launched on 4 July.

PACE's global Portable Assisted Mobility Device project gets underway

The Partners for the Advancement of Collaborative Engineering Education (PACE) has challenged selected global college teams to design a Portable Assisted Mobility Device (PAMD) that will help solve mobility and sustainability problems within megacities in 2030. Each team of selected global colleges will consist of one Industrial Design Institution and several Engineering and Manufacturing Institutions, with students working alongside their professors and industry mentors to help develop their designs for a small power-assisted vehicle that can be taken on public transport, stowed or carried indoors.  The PAMD concepts are designed to carry one passenger and their personal items such as a briefcase or backpack. The PAMD must address the transportation issues as the population grows within a target market that the teams specify.

Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.