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Adrian van Hooydonk named Director of BMW Group Design

In the wake of Chris Bangle's decision to resign from the top job, Adrian van Hooydonk takes over as Director of BMW Group Design with immediate effect. In his new position van Hooydonk will be responsible for the design development for the BMW, Rolls-Royce and Mini brands. "I am honored and extremely excited to take on this new responsibility," says van Hooydonk.

Lotus planning Electric Car

I suppose it was inevitable that Lotus would not settle for simply supplying Tesla with the chassis for their electric car, and would look to jump on the bandwagon of electric cars (EV). Lotus CEO, Michael Kimberly, has told the Financial Times that Lotus is planning an electric car “sooner rather than later”, and went on to say that it will be an extended range battery vehicle. Extended range EVs (like the Chevy Volt) are probably the best option for a mainstream car at the moment, at least until you can buy hydrogen at the pumps other than in California.

Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?