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Kia opens new Design Center America

Kia Motors has opened its new Design Center America, located adjacent to the new US corporate headquarters in Irvine, California, about 40 miles southeast of Los Angeles. The opening ceremony of the new US 21.8-acre Kia Corporate campus was held on June 24 and was presided by Byung Mo Ahn, group president and CEO of Kia Motors America and Kia Motors Manufacturing Georgia. He was joined at the ceremony by both local and state representatives, as well as members of the media and guests.

Fire sale continues: Ford cuts stake in Mazda

By Tim Pollard Motor Industry 18 November 2008 16:09 Yesterday GM sold its stake in Suzuki; today Ford announced plans to slash its shareholding in Mazda. Previously the Blue Oval held a third of Mazda’s stock, but it has cut that to just 13%. Ford admitted the sale was purely to boost its balance sheet, as the Big Three continue to struggle with cashflow.

Unbelievable SSC Ultimate Aero EV

Prius was an easy way out for celebs who didn’t want their ‘Public’ to think them flash Jacks, but they always had a Cayenne Turbo or a Lamborghini LP640 tucked away in the garage. But the rise of cars like the Tesla, despite its drawbacks, has pushed the maker of the world’s fastest production car, the Ultimate Aero SSC, to look at ways to keep their clientèle happy in these changing times. SSC must feel there is a danger their market may disappear if truly powerful and appealing cars appear that are perceived as green and start to take over the marketplace.