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Fiat and Chrysler to completely merge?

Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.

South Wales to get new racing circuit for 2015

Wales, already home to some of the UK’s best driving roads, is getting an all-new purpose-built racing circuit. The 3.5-mile track, to be christened ‘Circuit of Wales’, is due to be opened in 2015/2016, with work beginning on the site later in 2013. Where will the Circuit of Wales be built?

Michelin Challenge Design competition celebrates 10 years

Michelin has released a short video documenting the last ten years of the Challenge Design competition. With excepts from jury members Freeman Thomas, Director of Advanced Design at Ford; Victor Nacif, VP of Design at Nissan Design Europe; Geza Loczi, Director of Design at Volvo Monitoring Concept Center; Dave Marek, Advanced Design Director for Honda North America; Steward Reed, Chair of Transportation Design at ACCD; Frank Saucedo, Design Director of GM's Advanced Design Studio in California and Chris Chapman of BMW Designworks USA, the video outlines some of the 2700 entries Michelin has received since the competition's inception in 2002. That year, the MCD display at the NAIAS in Detroit featured cars from European design houses.