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Changan opens new European Designing Center in Turin

Changan celebrated the opening of its European Designing Center in Turin, Italy, last week as part of its celebration of the historic company's 150th anniversary. An audience of VIP guests and press were given grand tour of the new facility located in Rivoli near Turin after an opening ceremony filled with the pomp and pageantry we've come to expect from the Chinese car industry. The new 11,000 square meter European Designing Center is Changan's latest move to grow its business globally, having already established research and development centers at five Chinese locations as well as in Detroit USA, Nottingham UK, and Yokohama Japan.

Chrysler Financial gets $1.5 billion federal loan

The U.S. Treasury Department said today it will lend $1.5 billion to a new arm of Chrysler Financial Services LLC so that it can increase lending to vehicle buyers. The five-year loan carries a flexible interest rate.

Aston Martin One-77 (2009): new video and cabin photo

By Tim Pollard First Official Pictures 12 November 2008 12:12 Aston Martin today publishes a second video of its uber-exclusive One-77 supercar – and we see the first glimpse inside the £1.2 million car's cabin. Watch the short film on our video player below to see official footage of Aston CEO Dr Ulrich Bez, design boss Marek Reichman and program manager Chris Porritt talking about the One-77. Porritt said the One-77 continued the tradition set by low-volume models like the DB4 GT Zagato – with craftsmanship that just wouldn't be possible on a V8 Vantage or DB9.