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Aston Martin appoints Nissan's Andy Palmer as new CEO

By Tim Pollard Motor Industry 02 September 2014 09:14 Nissan product chief Andy Palmer, 51, has been appointed chief executive office of Aston Martin. A corporate spokeswoman at Aston Martin confirmed the news to CAR magazine ahead of an official announcement at 10.00am today. 'We are delighted he's joining us,' she said.

Energy Department recovers $21 million from Fisker to pay back loans

The U.S. Department of Energy says it recovered $21 million in cash from struggling Fisker Automotive that will go toward repaying nearly $200 million in loans extended under a U.S. program to spur advanced vehicle development.

Kia Cross GT SUV Concept teased ahead of Chicago debut

A new Kia Concept for a larger CUV/SUV – the Kia Cross GT – is being teased ahead of a reveal at the Chicago Auto Show. Kia may have made big strides in the last few years – along with sister company, Hyundai – but there’s no sense they’re resting on their laurels despite declaring 2013 the year when brand perception is key rather than huge sales growth. We already know that the Kia pro_cee’d GT and the five-door Cee’d GT, both the with a 200bhp petrol turbo – are heading for the Geneva Motor Show in March and will sit alongside the the Kia Urban Concept, which appears to be Kia’s take on the Nissan Juke.