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Who's Where: GM Design announces major global restructuring of design executives

GM Design has announced a major reshuffle of its global leadership team, with Mark Adams, current executive director of Global Cadillac and Buick Design and GME vice president of Design, amongst the movers. Designed to boost the emphasis of the carmaker's various brands, including Buick and Opel, the restructuring – which comes into effect on 1 September – will focus on improving joint strategies, theme development and innovation. Mark Adams will head back to Germany to take up the position as GME vice president of Design and champion for Opel/Buick brand strategies and design language.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.

Audi hardwood bicycle

Following on from its collaboration with Head for carbon fiber skis, Audi has teamed up with Renovo Hardwood Bicycles to create yet another performance-oriented product. Audi is launching the Duo range of cycles as ‘an embodiment of its core principles of progressive innovation' that aim to blend craftsmanship and styling with performance and technology. As a result, each Duo is built around a monocoque frame that is made from hardwood, which not only increases ride comfort – thanks to the material's ability to absorb shock and vibration – but also serves to reduce weight.