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GM officially bankrupt

GM finally enters Chapter 11 Bankruptcy The US Government is to provide £30 billion to fund the transition, with GM being split in to ‘Old GM’ and ‘New GM’. In exchange for the money the US Government will take a 60% stake in ‘New GM’ with all the toxic assets and liabilities being disposed of through ‘Old GM’. The restructuring will allow GM to survive on a third less sales than before (10 million instead of 15 million).

CDN launches Car Design Awards China

阅读本文中文版本请点击这里 The next generation of designers in China is again being invited to enter the CDN competition dedicated to identifying the most promising talent among them. The third annual Car Design Awards China is now open, and entries are invited from students of any design discipline who are studying full time at a college in China. They will work to briefs set by the design chiefs of OEMs including Daimler, GM, JAC, Nissan and Volkswagen.

The world’s most dangerous roads by country

Pulitzer Center A staggering 1.24 million people are killed on the world’s roads every year and the numbers are rising. If current trends continue there will be a three-fold increase to 3.6 million road deaths a year globally by 2030. A new interactive map by the Pulitzer Center on Crisis Reporting presents these sobering statistics in detail, revealing the countries with the most and least dangerous roads on Earth.